Harvia Oyj (HRVFF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and welcome to Harvia's third quarter 25 earnings webcast. My name is Mattias Järenfelt. I am the CEO of the company. And with me, I have Ari Vesterinen, our chief financial officer. Hello. I will first start by taking you through the highlights of quarter three in terms of business and financial performance. And I will also talk a bit about our strategy implementation. After that, Ari will continue and will shed more detail on our financial performance and numbers, after which we are very happy to get your questions. So let's start and summarize quarter three. This time, it actually is very easy. We can summarize even with just one number, 19. So 19% top line growth at 19% adjusted EBIT margin. So essentially, when we talk about the top line, we delivered 46 million euros, and that's a set 19% growth versus the comparison period. In terms of comparable exchange rates, that's 22% growth from last year. Organic growth was solid double digit at 16%. We're very pleased that the growth was broad-based. Essentially, we had double-digit growth across all of our four geographical sales regions. And this despite the fact that, of course, this year has been rather volatile in terms of the macro environment. We had modest quarter two in North America, now returning to a solid double-digit growth. That's, of course, something we are very pleased with. APEC and MEA continued very strong double-digit growth, and we're also very happy that Europe, that has been on the slower momentum for now past couple of years, returned to double-digit growth as well. Our adjusted operating profit was 8.8 million euros, and that represents 19% of our revenue. And that's an improvement from quarter two when we had 17% margin, while it's still slightly below our long-term target. ...