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28.06.2024 08:00:37 - dpa-AFX: EQS-News: Pyrum Innovations AG publishes financial figures for the first three months of 2024 (english)
Pyrum Innovations AG publishes financial figures for the first three months
of 2024
EQS-News: Pyrum Innovations AG / Key word(s): Quarterly / Interim
Statement/Quarter Results
Pyrum Innovations AG publishes financial figures for the first three months
of 2024
28.06.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Pyrum Innovations AG publishes financial figures for the first three months
of 2024
* Line 3 at the main plant in Dillingen is successfully commissioned
Dillingen / Saar, 28 June 2024 - Pyrum Innovations AG ("Pyrum", the
"Company", ISIN: DE000A2G8ZX8) today published its consolidated interim
report for the period from 1 January to 31 March 2024. Sales in the first
three months amounted to EUR 336 thousand, around 54% higher than in the
same period of the previous year (3M 2023: EUR 218 thousand). Own work
capitalised amounted to EUR 1,615 thousand (3M 2023: EUR 2,958 thousand) as
construction of the plant expansion in Dillingen progressed according to
plan. The decline corresponds to the reduction in the cost of materials
required for the generation of own work as the plant expansion draws closer
to completion. Total output decreased by around 32% year-on-year to EUR
2,177 thousand (3M 2023: EUR 3,188 thousand) due to the lower level of own
work capitalised in the reporting period. At EUR 148 thousand, other
operating income was around 85% higher than in the same period of the
previous year (3M 2023: EUR 80 thousand). The consolidated net result for
the period was EUR -2,684 thousand (3M 2023: EUR -2,237 thousand). Available
liquidity amounted to EUR 7,065 thousand as at 31 March 2024 (31 December
2023: EUR 4,275 thousand).
At the end of May, the third reactor was started up at the main plant in
Dillingen. The company is thus on the finishing straight of the site
expansion. By transferring the knowledge gained from the commissioning of
TAD 2 as well as minor optimisations, TAD 3 was put into operation smoothly.
The third line is currently already producing at 400 kg/h, which corresponds
to a throughput of approx. 55%. The throughput is to be successively
increased to 75% over the next three months. TAD 2 continues to operate
unchanged with a throughput of 75-80%. The first plant components of the jet
mill for the material from TAD 2 and TAD 3 have already been delivered to
Germany and are currently in storage. Due to the technical interaction with
the pelletising plant, assembly is still planned for the end of 2024.
As part of the expansion of production at its main plant in Dillingen, Pyrum
has extended the REACH registration for its thermolysis oil produced from
end-of-life tyres. The extension of the registration entitles Pyrum to
manufacture and import more than 1,000 tons of thermolysis oil per year. The
company implemented the extension at an early stage in order to avoid a
limitation in the context of the increasing production volumes due to TAD 2
& 3.
Pascal Klein, CEO of Pyrum Innovations AG: "We are very proud of the
successful commissioning of the third reactor at our main plant in
Dillingen. This development marks an important milestone on the home stretch
of our site expansion and provides a positive tailwind for our ongoing
projects. We look to the future with great confidence and look forward to
further successful steps."
For the full year 2024, the management continues to expect Group and AG
sales of between EUR 3.0 million and EUR 4.0 million and total output in the
range of EUR 25 million to EUR 30 million. In view of the high level of
investment activity and the planned further expansion of the workforce in
2024, earnings before interest and taxes (EBIT) are expected to be in the
range of EUR -11.0 million to EUR -13.0 million for the Group and EUR -10.0
million to EUR -12.0 million for Pyrum Innovations AG.
The consolidated interim report for the period from 1 January to 31 March
2024 of Pyrum Innovations AG is available on the company's website at
https://www.pyrum.net/en/investors/financial-publications/.
About Pyrum Innovations AG
Pyrum Innovations AG is active in the attractive recycling market for
end-of-life tyres and various plastics with its patented thermolysis
technology. Pyrum's thermolysis process is largely energy self-sufficient
and, according to the Fraunhofer Institute, saves significantly more CO2
emissions than today's standard recycling processes for end-of-life tyres -
especially compared to incineration in cement plants - and produces new raw
materials such as thermolysis oil, gas and recovered carbon black from the
waste used as input materials. In this way, Pyrum closes the recyclable
material loop and pursues a completely sustainable business model. As a
pioneer, Pyrum Innovations AG was the first company in the end-of-life tyre
recycling sector to receive REACH registration from the European Chemicals
Agency (ECHA) for the thermolysis oil it produces. This means that the oil
is recognised as an official raw material that can be used in production
processes. In addition, Pyrum has received ISCC PLUS certification for the
thermolysis oil and the recovered carbon black. Both products are thus
considered sustainable and renewable raw materials. In addition, Pyrum has
received ISO 14001 certification for its environmental management system and
ISO 9001 certification for its quality management system. These achievements
have also been recognised by international experts in the tyre industry. For
example, Pyrum won the Best Tyre Recycling Innovation category at the
inaugural Recircle Awards and has been a finalist in the Grand Prix of
German SMEs (Großer Preis des Mittelstandes) three times in a row.
https://www.pyrum.net/en/
Contact
IR.on AG
Frederic Hilke
Phone: +49 221 9140 970
E-mail: pyrum@ir-on.com
Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar
E-mail: presse@pyrum.net
---------------------------------------------------------------------------
28.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
End of News EQS News Service
---------------------------------------------------------------------------
1934813 28.06.2024 CET/CEST
of 2024
EQS-News: Pyrum Innovations AG / Key word(s): Quarterly / Interim
Statement/Quarter Results
Pyrum Innovations AG publishes financial figures for the first three months
of 2024
28.06.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Pyrum Innovations AG publishes financial figures for the first three months
of 2024
* Sales of EUR 336 thousand above previous year's level (3M 2023: EUR 218
thousand)
* Consolidated net loss for the period of EUR -2,684 thousand (3M 2023:
EUR -2,237 thousand)
* Line 3 at the main plant in Dillingen is successfully commissioned
Dillingen / Saar, 28 June 2024 - Pyrum Innovations AG ("Pyrum", the
"Company", ISIN: DE000A2G8ZX8) today published its consolidated interim
report for the period from 1 January to 31 March 2024. Sales in the first
three months amounted to EUR 336 thousand, around 54% higher than in the
same period of the previous year (3M 2023: EUR 218 thousand). Own work
capitalised amounted to EUR 1,615 thousand (3M 2023: EUR 2,958 thousand) as
construction of the plant expansion in Dillingen progressed according to
plan. The decline corresponds to the reduction in the cost of materials
required for the generation of own work as the plant expansion draws closer
to completion. Total output decreased by around 32% year-on-year to EUR
2,177 thousand (3M 2023: EUR 3,188 thousand) due to the lower level of own
work capitalised in the reporting period. At EUR 148 thousand, other
operating income was around 85% higher than in the same period of the
previous year (3M 2023: EUR 80 thousand). The consolidated net result for
the period was EUR -2,684 thousand (3M 2023: EUR -2,237 thousand). Available
liquidity amounted to EUR 7,065 thousand as at 31 March 2024 (31 December
2023: EUR 4,275 thousand).
At the end of May, the third reactor was started up at the main plant in
Dillingen. The company is thus on the finishing straight of the site
expansion. By transferring the knowledge gained from the commissioning of
TAD 2 as well as minor optimisations, TAD 3 was put into operation smoothly.
The third line is currently already producing at 400 kg/h, which corresponds
to a throughput of approx. 55%. The throughput is to be successively
increased to 75% over the next three months. TAD 2 continues to operate
unchanged with a throughput of 75-80%. The first plant components of the jet
mill for the material from TAD 2 and TAD 3 have already been delivered to
Germany and are currently in storage. Due to the technical interaction with
the pelletising plant, assembly is still planned for the end of 2024.
As part of the expansion of production at its main plant in Dillingen, Pyrum
has extended the REACH registration for its thermolysis oil produced from
end-of-life tyres. The extension of the registration entitles Pyrum to
manufacture and import more than 1,000 tons of thermolysis oil per year. The
company implemented the extension at an early stage in order to avoid a
limitation in the context of the increasing production volumes due to TAD 2
& 3.
Pascal Klein, CEO of Pyrum Innovations AG: "We are very proud of the
successful commissioning of the third reactor at our main plant in
Dillingen. This development marks an important milestone on the home stretch
of our site expansion and provides a positive tailwind for our ongoing
projects. We look to the future with great confidence and look forward to
further successful steps."
For the full year 2024, the management continues to expect Group and AG
sales of between EUR 3.0 million and EUR 4.0 million and total output in the
range of EUR 25 million to EUR 30 million. In view of the high level of
investment activity and the planned further expansion of the workforce in
2024, earnings before interest and taxes (EBIT) are expected to be in the
range of EUR -11.0 million to EUR -13.0 million for the Group and EUR -10.0
million to EUR -12.0 million for Pyrum Innovations AG.
The consolidated interim report for the period from 1 January to 31 March
2024 of Pyrum Innovations AG is available on the company's website at
https://www.pyrum.net/en/investors/financial-publications/.
About Pyrum Innovations AG
Pyrum Innovations AG is active in the attractive recycling market for
end-of-life tyres and various plastics with its patented thermolysis
technology. Pyrum's thermolysis process is largely energy self-sufficient
and, according to the Fraunhofer Institute, saves significantly more CO2
emissions than today's standard recycling processes for end-of-life tyres -
especially compared to incineration in cement plants - and produces new raw
materials such as thermolysis oil, gas and recovered carbon black from the
waste used as input materials. In this way, Pyrum closes the recyclable
material loop and pursues a completely sustainable business model. As a
pioneer, Pyrum Innovations AG was the first company in the end-of-life tyre
recycling sector to receive REACH registration from the European Chemicals
Agency (ECHA) for the thermolysis oil it produces. This means that the oil
is recognised as an official raw material that can be used in production
processes. In addition, Pyrum has received ISCC PLUS certification for the
thermolysis oil and the recovered carbon black. Both products are thus
considered sustainable and renewable raw materials. In addition, Pyrum has
received ISO 14001 certification for its environmental management system and
ISO 9001 certification for its quality management system. These achievements
have also been recognised by international experts in the tyre industry. For
example, Pyrum won the Best Tyre Recycling Innovation category at the
inaugural Recircle Awards and has been a finalist in the Grand Prix of
German SMEs (Großer Preis des Mittelstandes) three times in a row.
https://www.pyrum.net/en/
Contact
IR.on AG
Frederic Hilke
Phone: +49 221 9140 970
E-mail: pyrum@ir-on.com
Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen / Saar
E-mail: presse@pyrum.net
---------------------------------------------------------------------------
28.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English
Company: Pyrum Innovations AG
Dieselstraße 8
66763 Dillingen/Saar
Germany
Phone: +49 6831 959 480
E-mail: contact@pyrum.net
Internet: www.pyrum.net
ISIN: DE000A2G8ZX8
WKN: A2G8ZX
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Munich
EQS News ID: 1934813
End of News EQS News Service
---------------------------------------------------------------------------
1934813 28.06.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
PYRUM INNOV.AG NA O.N. | A2G8ZX | Frankfurt | 30,200 | 28.06.24 17:20:01 | -0,600 | -1,95% | 0,000 | 0,000 | 30,000 | 30,200 |
