What smart money is saying about Harvia
1 fund in our archive has pitched Harvia, most recently Origo Seleqt in September 2026.
Harvia Oyj designs, manufactures, and markets a range of sauna products worldwide. The company provides sauna heaters and rooms, infrared and steam saunas, steam showers, spa components, Scandinavian hot tubs, control units, heater stones, and sauna accessories; and sauna interior solutions, such as sauna benches, audio speakers, and lighting solutions. It also offers sauna installations, maintenance, and repair services. The company serves residential and professional customers across home wellness, hospitality, and public spa segments primarily under the Harvia, EOS, Almost Heaven Saunas, Kirami, and ThermaSol brands. The company was founded in 1950 and is headquartered in Muurame, Finland.
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Position history
Every position in Harvia on record in the archive was reported in Q3 2026, across 1 fund letter, with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 1 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position · 1 move
- AddedOrigo SeleqtSeptember 2026
“In the June letter we wrote about our investment in Harvia and the competitive landscape. Now in September, Harvia's largest global competitor Sauna360 (Tylö, Helo, Finnleo etc.) has announced that they are recalling approximately 50,000 units in North America, following reports of overheating, fire, broken benches and personal injuries. We assess that this damages Sauna360 both with end customers and in the distributor chain, and strengthens Harvia's relative position in North America, where the other major competitor Huum is also struggling with quality and distribution problems. Harvia thus appears to be almost alone left as a credible quality alternative in the North American market, which is the most important market for the company going forward and where it grew 40% in Q2/26. We see that the company's already market-leading position is being further strengthened and expect continued strong momentum in the North American market going forward. We have increased the exposure to Harvia during the month.”
Harvia
Fund coverage · 1 thesis
- Origo SeleqtSeptember 2026
Harvia gains a stronger North American position as its main competitors face recalls and quality problems, and the fund increased its exposure.
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