Harvia Oyj (HRVFF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

And there is a very special place for the body, mind, and spirit. And it's easy to reach. It can be hot. It can be cold. It can be pleasantly warm and smoothly cool. Outside and in. it elevates you and all around you it feels and does good like no other place can we know this place we come from this place we have our own very old word for it it's the same in every language so We invite the whole world to explore, embrace, and enjoy it, always in your own very special way. Let's sauna for the body, mind, and spirit. Hello, everyone, and welcome to Harvia's quarter 126 earnings webcast. My name is Mattias Järenfelt. I'm the CEO of the company. And with me, I have Ari Vesteren, our chief financial officer. Hello. We will run today's session as follows. I will start presenting by going through the highlights of the quarter one, business results, financial performance, and also steps we're taking to implement our strategy and build Harvia's future. After that, Ari will go through the financial numbers in more details. After which, we are ready for your questions. And as usual, you can submit your questions in the chat box in this webcast window. So let's get going. Quarter one, 26, was a good quarter for Harvia. Our revenue increased by 12.7% to 58.6 million euros. And that represents our all-time high in terms of revenue so far. All growth was organic and revenue grew by 18.3% at comparable exchange rates. We grew in all of our four regions that we report, and particularly strong performance in euros was in APAC and Middle Eastern Africa and Northern Europe. Dollar depreciated a lot versus quarter one last year, around 10%, and that negatively impacted our reported sales that we report in euros. In local currencies, North America grew by over 20%. During the quarter, we ...