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Pallas Air

0.42 EUR

-6.64 %

Less than 1K followers

PALLAS

First North Finland

Industrial Goods & Services

Industrials

-6.64 %
-48.54 %
-50.35 %
-73.29 %
-35.08 %
-47.25 %
-97.60 %
-
-99.51 %

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
542.8K EUR
Turnover
2.11 EUR
P/E (adj.) (25e)
-0.17
EV/EBIT (adj.) (25e)
-4.26
P/B (25e)
-0.08
EV/S (25e)
1.73
Dividend yield-% (25e)
-
Coverage
Recommendation
Sell
Target price
-
Updated
2025-08-31
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 2025-09-01

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Risk
Business risk
Valuation risk
Low
High
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Pallas Airs finansieringspartners återkrav fördjupar företagets likviditetsutmaningar
Analyst Comment by
Thomas Westerholm

Pallas Airs finansieringspartners återkrav fördjupar företagets likviditetsutmaningar

Enligt vår bedömning är meddelandena tydligt negativa för Pallas Air, eftersom företaget redan befinner sig i en likviditetskris på grund av förfallen kontokredit och svag lönsamhet. Pallas Airs investerings-case är tills vidare helt beroende av eget kapital eller företagsförvärv för att förbättra företagets likviditet.

Pallas Air
Research by
Thomas Westerholm

Pallas Air H1'25: I händerna på finansieringslösningar

Pallas Airs H1-siffror var svaga, eftersom företaget på grund av likviditetsutmaningar inte kunde investera i det rörelsekapital som affärsområdet krävde. På grund av likviditetsbegränsningar och en svag vinstnivå ser vi inga förutsättningar för företaget att uppnå en hållbar vändning i resultatet utan betydande extern finansiering.

Pallas Air

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Forum discussions
If one wants to know what the income statement and balance sheet of a company ripe for bankruptcy look like, it’s worth reading Pallas Air’s half-year report for learning purposes. It might well be the last one this outfit ever publishes.
8/31/2025, 6:16 AM
by pt99659
13
This company might even get the “most ridiculous IPO of all time” award. They came to the stock market under the guise of corona, the entire board resigned immediately, and the rest is like from Kummeli No more of these on the stock market, please.
9/12/2025, 6:12 PM
11
In the casino craze of the 80s and the IT bubble at the turn of the millennium, at least similar quality stuff came to the stock market, e.g., the legendary Notareal Oy, where the entertainment factor was in a completely different league than in the poorly managed Lifa/Pallas Air...
9/13/2025, 6:03 AM
by pt99659
8
Here’s an announcement for Friday. Pallas Air Plc, insider information September 12, 2025 at 7:30 PM EET Insider Information: Innovation Funding Centre Business Finland Orders Discontinuation of Grant Payment and Recovery of Already Paid Grant Innovation Funding Centre Business Finland...
9/12/2025, 4:43 PM
by Sijoittaja-alokas
7
Finnvera also recovers €625k based on the guarantee liability. So, I guess that’s the end of it.
9/12/2025, 5:56 PM
by Tuul1puku
5
Here are also Thomas’s comments on Pallas Air’s H1. Pallas Air’s H1 figures remained weak, as the company was unable to invest in the working capital required by the business due to liquidity challenges. Due to liquidity constraints and a weak earnings level, we do not see the company...
9/1/2025, 7:15 AM
by Sijoittaja-alokas
3
Here are Thomas’s comments on Pallas Air’s recent news. In our view, the announcements are clearly negative for Pallas Air, as the company is already in a liquidity crisis due to an overdue credit account and weak profitability. Pallas Air’s investment story currently relies entirely...
9/15/2025, 5:40 AM
by Sijoittaja-alokas
2
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