Lappset Group Ltd is a financially stable Finnish business, which has the highest AAA credit rating. On this page you can browse our financial reports.


Business ID and e-invoicing address

Please look after the environment and send us your bills electronically!

Lappset Group Ltd’s e-invoicing operator is Pagero Oy, whose operator ID is 003723609900 or PAGERO.

Business ID: 9126694-6
E-invoicing address: 003791266946

If you are unable to produce e-invoices, you can use our billing portal. Lappset Group Ltd has a billing portal provided by Pagero Oy. Instructions for logging in and using the service as well as contact details can be found at The portal can be used to produce invoices free of charge, and the project code is FreePortal_Lappset.

For more information about submitting e-invoices and saving the e-invoicing address in your system, contact your own e-invoicing operator’s customer service, your bank or your accountant. The routing of e-invoices between different operators is described on the Finnish Information Society Development Centre’s website at

Our accounts department is happy to provide more information. Contact us!

Financial report
44.5 MEURTurnover 2015
59,8%Equity ratio 2015
-0,4 MEURProfit 2015

The year 2015 was a disappointing year

Lappset Group’s performance in 2015 was weaker than expected. The Group’s turnover decreased from EUR 50.5 million (2014) to EUR 44.5 million. The Group’s performance cannot be considered satisfactory, although costs were successfully cut, gross profit increased and sales grew towards the end of the year. The first half of the 2015 financial year fell short of expectations and targets, but performance improved in the second half. The order book for the spring of 2016 looks solid.

The figures were particularly influenced by a dramatic drop in exports to Russia. In the Nordic countries, exports to Sweden and Norway increased, and exports to China also grew considerably.

The Group’s equity ratio was 59.8% in 2015 (62.4% in 2014). Operating profit decreased from the previous year, and the Group ended up making a loss of EUR 0.4 million (profit of EUR 2.1 million, or 4.2%, in 2014). The company’s cash flow and liquidity were extremely strong.