- Sales of € 2,017 thousand up € 76 1TP3 thousand on the previous year (2023: € 1,147 thousand)
- Total output declines as expected to EUR 10,194 thousand (2023: EUR 12,799 thousand)
- Preliminary consolidated net loss for the year of € ‑10,883 thousand (2023: € ‑9,511 thousand)
Dillingen /Saar, 28 March 2025 – Pyrum Innovations AG (“Pyrum”, the “Company”, ISIN: DE000A2G8ZX8) today published its trading update for the fourth quarter of 2024 and the preliminary figures for the full year 2024. The company’s earnings and financial position in the 2024 financial year continued to be characterised by investments at the headquarters in Dillingen and orders for system components with long delivery times for the new site in Perl-Besch. Investments were also made in expanding the workforce and further developing the organisational structure.
In the 2024 financial year, revenue increased by € 76,000 thousand to € 2,017 thousand (2023: € 1,147 thousand) compared to the previous year. Own work capitalised amounted to € 7,468 thousand (2023: € 11,712 thousand) as construction of the plant expansion in Dillingen and the new building in Perl-Besch progressed according to plan. The decline corresponds to the lower cost of materials required to produce own work capitalised as the degree of completion of the plant expansion increases. As a result, total operating performance fell by € 20,1TP3 thousand to € 10,194 thousand (2023: € 12,799 thousand) compared to the same period of the previous year. Other operating income increased significantly year-on-year to € 1,210 thousand (2023: € 715 thousand) due to investment grants totalling € 760 thousand (2023: € 151 thousand) for the creation of jobs in Dillingen. The preliminary consolidated net loss for the year was € ‑10,883 thousand (2023: € ‑9,511 thousand). Available liquidity increased to € 11,741 thousand as at 31 December 2024 (31 December 2023: € 4,275 thousand) due to the payment of two further loan tranches from BASF for the construction of the plant in Perl-Besch and the capital increase successfully completed in the fourth quarter of 2024.
Pascal Klein, CEO of Pyrum Innovations AG: “The fourth quarter and the full year 2024 were primarily characterised by the expansion of our main plant in Dillingen and the further increase in personnel to implement our roll-out plan. We have now completed the full-load tests on our two new production lines and their commissioning on schedule, meaning that the plants are now going into regular operation. In total, we have already produced over 1,200 tonnes of oil in our two new reactors and delivered it to BASF. We have also received approval from Continental to supply our rCB from the two new production lines. At the same time, we are continuing to invest in the expansion of new sites in Europe with our partners and in our own plant in Perl-Besch in order to further establish ourselves as an innovation leader.”
The Trading Update Q4 2024 of Pyrum Innovations AG is available on the company’s website at https://www.pyrum.net/en/investors/financial-publications/ . The publication of the final figures and the Annual Report 2024 is scheduled for May 16, 2025.
