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. Revenue in the first three months totalled € 336 thousand and was therefore around € 54 1TP3 thousand higher than in the same period of the previous year (3M 2023: € 218 thousand). Own work capitalised amounted to € 1,615 thousand (3M 2023: € 2,958 thousand) as construction of the plant expansion in Dillingen progressed according to plan. The decrease corresponds to the lower cost of materials required to produce own work capitalised as the degree of completion of the plant expansion increases. Due to the lower level of own work capitalised in the reporting period compared to the same period of the previous year, total operating performance fell by around € 1TP3k to € 2,177k (3M 2023: € 3,188k). At € 148 thousand, other operating income was around € 85 thousand higher than in the same period of the previous year (3M 2023: € 80 thousand). The consolidated net loss for the period totalled € ‑2,684 thousand (3M 2023: € ‑2,237 thousand). The available liquidity as at 31 March 2024 was € 7,065 thousand (31 December 2023: € 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/​e​n​/​i​n​v​e​s​t​o​r​s​/​f​i​n​a​n​c​i​a​l​-​p​u​b​l​i​c​a​t​i​o​ns/ .

Contact us

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

Pyrum Innovations AG
Dieselstrasse 8
66763 Dillingen
E‑mail: presse(at)

About Pyrum Innovations AG

Pyrum Innovations AG is active in the attractive recycling market for used 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 used tyres – especially compared to incineration in cement plants – and produces new raw materials such as thermolysis 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 field of used tyre recycling to receive REACH registration from the European Chemicals Agency (ECHA) for the thermolysis 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 thermolysis 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.