Pallas Air records write-downs of 3.8 million euros

Manufacturer of respirators and other clean air products Pallas Air update its business strategy. In its press release, the company says, among other things, that it will stop manufacturing respirators in the first half of 2026.

Due to changes in strategy, the company will write down 3.8 million euros for 2025. Of that, 2.8 million euros will be allocated to the company’s warehouses and equipment, and 1.0 million euros to the valuation of its subsidiary shares.

According to the release, the manufacture of high-tech products will continue to form a significant part of its business.

The company’s three new technology focus areas are: artificial intelligence-based learning sensors for demanding environments, combining sensor technology with autonomous devices and real estate maintenance and optimization monitoring software.

According to Pallas Air, the focus of the solutions is still product and service solutions for clean air.

Pallas Air has been in financial difficulties for a long time. The company has, among other things, accumulated several payment defaults for unpaid invoices during the past year.