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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Pallas Air

0.43 EUR+1.43 %25.9, 17.29
Less than 1K followers

PALLAS

First North Finland

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Investor views
Compare
+1.43 %
-18.86 %
-40.00 %
-30.16 %
-29.00 %
-35.45 %
-96.28 %
-
-99.50 %

Pallas Air operates in the industrial sector. The company offers technical solutions in air purification and related products. The group's operations are divided into several business areas and the solutions are used, for example, in industry and for real estate. Customers are found on a global level with the greatest concentration in the Nordic region. The products are primarily aimed at corporate customers and larger institutions, but also at private individuals.

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Market cap
547.95K EUR
Turnover
54.95 EUR
P/E (adj.) (26e)
-0.18
EV/EBIT (adj.) (26e)
-6.62
P/B (26e)
-0.03
EV/S (26e)
2.89
Dividend yield-% (26e)
-
Coverage
Recommendation
Sell
Target price
-
Updated
01.09.2026
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 01.09.2026

Revenue and EBIT-%
EPS and dividend
Risk
Business risk
Valuation risk
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Forum discussions
Pardon my French, but doesn’t this pretty much mean that the management of a listed company can shit all over investors’ faces completely scot-free, since window-dressing figures or hiding the truth carries no consequences? T: This is one reason why I don’t invest in First North,...
9/8/2026, 4:12 AM
by evilK
16
Vesa Mäkipää, former CEO of Lifa Air, which gained attention during the corona crisis, is facing enforcement for 1.7 million euros in tax debts;\n\nMaskiyrityksen johtaja poseerasi ministerin kanssa koronakriisissä, nyt verottaja vaatii 1,7 miljoonan velkoja | HS.fi
9/12/2026, 5:29 PM
by Haminan Mursu
8
According to the Finnish Financial Supervisory Authority (Finanssivalvonta), the company provided investors with “incomplete, misleading, and untrue” information when it went public during the late stages of the pandemic in the early spring of 2022. In addition, the FSA considered...
9/8/2026, 3:20 AM
by Pohjolan Eka
7
The adjustment process of Pallas Air’s 2.7 million euro debts raises questions about investor protection, customers, and oversight On September 3, 2026, Pallas Air announced that the board of its wholly-owned subsidiary Lifa Air Limited has initiated a process to reassess debts of...
9/4/2026, 6:54 AM
by Mauno Väliheikkilä
7
Good questions, but getting answers is difficult or impossible. Retail investors have no visibility, and Inderes probably doesn’t either. We are all dependent on public information. You can ask, but the answer is likely formulated in the company’s interest, not objectively. Usually...
8/29/2026, 7:57 AM
by Nordman09
7
Now that H1/2026 has been published, I’d like to return to the Genano question. In its half-year report, Pallas Air states that its liquidity is weak. Genano Group Oy’s €1.8 million loan has matured, and the company notes that a failure to restructure matured loans could jeopardize...
8/31/2026, 12:29 PM
by Mauno Väliheikkilä
5
At the end of a prospectus, there is always a section called Risks and Uncertainties. When you read through this long list, you can summarize the points in your own mind like this: almost nothing stated in this prospectus may hold true if any of the 100 risks or uncertainties materialize...
9/9/2026, 9:19 AM
by Nordman09
4
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Pallas Air H1'26: Likviditetskrise holder turnaround-processen fanget
Research01.09.2026, 07.39 by
Thomas Westerholm

Pallas Air H1'26: Likviditetskrise holder turnaround-processen fanget

Pallas Airs omsætning for H1 faldt kraftigere end vores forventninger, da den anstrengte finansielle situation begrænsede selskabets evne til at investere i arbejdskapital og imødekomme efterspørgslen.

Pallas Air
Pallas Air H1'26-preview: Milepæl for fremskridtene i den skarpere strategi
Analyst Comment28.08.2026, 06.42 by
Thomas Westerholm

Pallas Air H1'26-preview: Milepæl for fremskridtene i den skarpere strategi

Vi venter, at Pallas Airs omsætning er faldet i forhold til sammenligningsperioden som følge af nedlukningen af maskeforretningen.

Pallas Air
Analyst Comment12.08.2026, 07.15 by
Thomas Westerholm

Pallas Airs informationsundersøgelse endte med en beslutning om ikke at rejse tiltale

Vi anser dog, at afslutningen af undersøgelsen er positiv for selskabet, da den gør det muligt at fokusere opmærksomheden på selskabets operationelle udvikling.

Pallas Air

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Pallas Air H2'25: Ilten er ved at slippe op, da balancestillingen strammes
Research30.03.2026, 07.15 by
Thomas Westerholm

Pallas Air H2'25: Ilten er ved at slippe op, da balancestillingen strammes

Pallas Airs regnskabsmeddelelse for 2. halvår levede ikke op til vores lave forventninger, selvom selskabets pengestrøm var stærkere end forventet.

Pallas Air
Pallas Air Q4'25 preview: Kontantkrise og nedskrivninger overskygger forventningerne
Analyst Comment26.03.2026, 06.25 by
Thomas Westerholm

Pallas Air Q4'25 preview: Kontantkrise og nedskrivninger overskygger forventningerne

Vi forventer, at selskabets omsætning er faldet år-til-år, selvom det industrielle VOC-forretningsområde har udviklet sig positivt.

Pallas Air
Pallas Air opgiver masker og skærper sin strategi
Analyst Comment20.02.2026, 06.30 by
Thomas Westerholm

Pallas Air opgiver masker og skærper sin strategi

Pallas Air trækker sig ud af maskeforretningen og vil fremover fokusere stærkere på datastyring, kunstig intelligens og robotteknologi i sine serviceløsninger.

Pallas Air