Harvia Oyj Full Year 2023 Earnings: Beats Expectations

Harvia Oyj (HEL:HARVIA) Full Year 2023 Results

Key Financial Results

• Revenue: €150.5m (down 13% from FY 2022).
• Net income: €23.3m (down 14% from FY 2022).
• Profit margin: 16% (in line with FY 2022).
• EPS: €1.25 (down from €1.45 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Harvia Oyj Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%.

The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of €43.4m (29% of total revenue). The largest operating expense was General & Administrative costs, amounting to €29.4m (41% of total expenses). Explore how HARVIA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Leisure industry in Europe.

Performance of the market in Finland.

The company's shares are up 4.2% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Harvia Oyj.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.