Pyrum Innovations AG publishes figures for the financial year 2022

  • Total output rises signi­fi­cantly to EUR 19.1 million in the course of the expan­sion of the company’s main plant
  • Sales slightly above previous year’s level at EUR 1.0 million
  • Part­ner­ships and high-quality stan­dards as a basis for further growth

Dillingen /​Saar, 19 May 2023 – Pyrum Inno­va­tions AG (“Pyrum”, the “company”, ISIN: DE000A2G8ZX8), a pioneer in the sustainable recy­cling of end-of-life tyres (ELT) based on its patented pyro­lysis tech­no­logy, today presented its annual and conso­li­dated finan­cial state­ments for the 2022 finan­cial year. Accor­ding to these, the group achieved a total output of EUR 19.1 million. This repres­ents a signi­fi­cant increase compared to the same period of the previous year (2021: EUR 3.7 million). The main reason for this was the strong increase in own work capi­ta­lised amoun­ting to EUR 17.8 million (2021: EUR 2.8 million) in the course of the expan­sion of the main plant in Dilligen/​Saar. At EUR 1.0 million, sales were slightly above the previous year’s level (2021: EUR 0.9 million). In anti­ci­pa­tion of signi­fi­cantly higher sales prices after the commis­sio­ning of the pelle­ti­sing plant, the coke produced was deli­bera­tely not sold, but instead largely included in the inventory.

Other opera­ting income increased by 19% to EUR 1.3 million and resulted mainly from rese­arch and deve­lo­p­ment income, inclu­ding grants of EUR 0.9 million (2021: EUR 0.5 million), espe­ci­ally for the Black­Cycle project. The conso­li­dated net loss for the year was EUR ‑7.8 million (2021: EUR ‑8.4 million).

Pascal Klein, CEO of Pyrum Inno­va­tions AG: “Despite all the crises, we have made enorm­ously important progress at Pyrum in the past finan­cial year. Even though we repea­tedly had to deal with supply chain problems and the sharp rise in prices, the expan­sion of our main plant by two more lines progressed steadily and is now in the final phase. In addi­tion, we were able to conclude stra­tegic part­ner­ships for the further roll-out of our unique pyro­lysis tech­no­logy. We are in a promi­sing posi­tion to grow further in the future. At the moment, we are already plan­ning our next own plant in Homburg, where we have already been able to secure a suitable plot of land and are curr­ently prepa­ring the appr­oval docu­ments. We are also looking for a new site to build another Pyrum-owned plant.”

In the 2022 finan­cial year, Pyrum was also able to meet all requi­re­ments to be allowed to supply the auto­mo­tive industry with its indus­trial carbon black (rCB). The basis for this was the achie­ve­ment of various quality stan­dards and certi­fi­ca­tions, inclu­ding ISO 9001, ISO 14001, ISSC+, the EcoVadis sustaina­bi­lity rating and VDA 6.3. In addi­tion to the expan­sion and deve­lo­p­ment of further plants, the company has thus laid the foun­da­tion for continued successful busi­ness performance.

Pyrum Inno­va­tions AG is offe­ring a a webcast for inves­tors, private share­hol­ders and members of the press on the current busi­ness deve­lo­p­ment today, Friday, 19 May 2023, at 10:00 am (CEST). Inte­rested parties can register to parti­ci­pate at https://​bit​.ly/​4​2​q​b​91e.

The 2022 annual and conso­li­dated finan­cial state­ments of Pyrum Inno­va­tions AG are available on the English website in the Inves­tors section under Finan­cial Publi­ca­tions. Finan­cial publi­ca­tions available.

Pyrum Innovations AG

Contact us

IR.on AG
Frederic Hilke
Tel: +49 221 9140 970
E‑mail: pyrum(at)ir-on.com

Pyrum Inno­va­tions AG
Diesel­strasse 8
66763 Dillingen
E‑mail: presse(at)pyrum.net
https://​www​.pyrum​.net

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About Pyrum Innovations AG

With its patented pyro­lysis tech­no­logy, Pyrum Inno­va­tions AG is active in the attrac­tive recy­cling market for used tyres and various plas­tics. Pyrum’s pyro­lysis process is largely energy self-suffi­cient and, accor­ding to the Fraun­hofer Insti­tute, saves signi­fi­cantly more CO2 emis­sions than today’s stan­dard recy­cling processes for used tyres — espe­ci­ally compared to inci­ne­ra­tion in cement plants — and produces new raw mate­rials such as pyro­lysis oil, gas and recy­cled carbon black (rCB) from the waste used as input mate­rials. In this way, Pyrum closes the mate­rial cycle and pursues a 100% sustainable busi­ness model. As a pioneer, Pyrum Inno­va­tions AG was the first company in the waste tyre recy­cling sector to receive REACH regis­tra­tion from the Euro­pean Chemi­cals Agency (ECHA) for the pyro­lysis oil it produces back in 2018. 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 pyro­lysis oil and the rCB. Both products are ther­e­fore reco­g­nised as sustainable and rene­wable raw mate­rials. Pyrum has also received ISO 14001 certi­fi­ca­tion for its envi­ron­mental manage­ment system and ISO 9001 certi­fi­ca­tion for its quality manage­ment system. These successes have also been reco­g­nised by inter­na­tional experts in the tyre industry. For example, Pyrum was hono­ured at the first Recircle Awards in the cate­gory Best Tyre Recy­cling Inno­va­tion and has been a fina­list for the German SME award three times in a row.