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Lifa Air is a Finnish technology company offering clean breathing air solutions. We are a pioneer in the development and manufacture of a variety of products that enable cleaner and healthier breathing air.
A pioneer in clean breathing air
Lifa Air is a technology company that offers solutions that enable clean breathing air. We are a pioneer in the development of products that enable cleaner and healthier breathing air. Our competitive advantage is based on the technologies we use and efficient sourcing and production.
The high-quality Lifa Air products are suitable for a wide range of needs, from private use to professional use. We have over 30 years of experience in clean breathing solutions and serving a global customer network. Our products have been sold to more than one hundred countries.
Lifa Air’s business is divided into three business areas:
Key figures
| One thousand euros, unless otherwise stated | 1.1. –
31.12.2022 (Corporation) |
1.1. –
31.12.2021 (Corporation)* |
|---|---|---|
| Turnover | 4 407 | 17 829 |
| EBITDA | -3 882 | 5 935 |
| EBITDA, % | -88,1 % | 33,3% |
| Operating profit (EBIT) | -6 469 | 5 223 |
| Operating profit, % (EBIT, %) | -146,8 % | 29,3 % |
| Profit for the financial year | -7 434 | 4 029 |
| Net debt | 8 260 | 5 695 |
| Equity ratio, % | 37,4 % | 44,4 % |
| Gearing ratio, % | 116,5 % | 83,0 % |
| Return on equity, % | -147,2 % | 81,6 % |
* Audited
Calculation formulas for key figures
| Definition | Calculation formula | |
|---|---|---|
| EBITDA | = | Operating profit + depreciation and impairment |
| EBITDA, % | = | EBITDA divided by net sales x 100% |
| Operating profit, % (EBIT, %) | = | Operating profit divided by net sales x 100% |
| Net debt | = | Interest-bearing liabilities less cash and bank receivables |
| Equity ratio, % | = | Equity divided by balance sheet total x 100% |
| Gearing ratio, % | = | Net debt divided by equity x 100% |
| Return on equity, % | = | Profit for the period divided by equity x 100% |
From the CEO
“Lifa Air is a Finnish technology company – an expert in clean breathing air and a pioneer with long experience in clean breathing air solutions. The products we manufacture cover the needs of clean air, from respirators suitable for use by healthcare professionals to products that improve indoor air quality and ventilation hygiene products. The quality of our products is high; our products meet the requirements of the applicable standards, in addition to which several products are certified. We are constantly working to develop new product and material innovations so that our customers will continue to receive high-quality products from us in the future.
It is a great honor for us to be a domestic developer and manufacturer of products that are important for the health safety and national security of supply of Finnish society. In addition to almost 30 years of experience, our products are based on dedicated and long-term research and development, such as the portable 6Gcool personal air purifier we launched in 2021 and the BIOPROT project, in which we are involved and aim to develop bio-based respirators and surgical mouthpieces. In our view, there is a need in the market for lower priced air purifiers, personal clean air products and FFP2 and FFP3 respirators, which are used to protect against airborne diseases and harmful particles in the healthcare and construction industries, for example.
In line with our strategy, we aim for an average annual growth rate of CAGR of 25-30% and an EBITDA margin of at least 20% and an equity ratio of 40% in the medium term. Our growth targets are in line with significant megatrends, and in our view, the coronavirus pandemic was only the initial impetus for awareness of the importance of air quality. Urbanization and air pollution increase the need for personal protection, and tightening air quality regulations can support the growth of our business. We strongly believe that megatrends will accelerate the demand for our products.
We pride ourselves on our expertise, delivery reliability, high quality of our products and our ability to respond to rapidly changing conditions. Justice, equality and diversity, innovation and enthusiasm, as well as health security and adherence to the principles of sustainable development, are the values that drive us and our professionals forward. We want to play our part in creating value, work and health safety for Finland and Finns.”
Vesa Mäkipää
CEO
Mission
Our mission is to produce clean and healthy breathing air with our state-of-the-art products.
Vision
Our vision is to provide clean breathing air with our products no matter where you are.
Values
Investor relations
Vesa Mäkipää, CEO
Investor meeting requests and media connections
Phone number: +358 50 63696
Email: vesa.makipaa@lifa-air.com