Pyrum Innovations publishes Trading Update Q4 2022 with preliminary results for the financial year 2022

  • Total opera­ting perfor­mance increased sharply by over 400 % to kEUR 18,997 (2021: kEUR 3,701)
  • Revenue from the opera­tion of the plants increased by EUR 6.5 thousand to EUR 982 thousand (2021: EUR 922 thousand)
  • Preli­mi­nary conso­li­dated net result for the year of EUR ‑7,987 thousand (2021: EUR ‑8,351 thousand)

Dillingen /​Saar, 31 March 2023 — Pyrum Inno­va­tions AG (“Pyrum”), a pionee­ring company that sustain­ably recy­cles used tyres with its globally patented, unique pyro­lysis tech­no­logy, today published its preli­mi­nary figures for the period from 1 January to 31 December 2022. Total opera­ting perfor­mance increased by 413 % to EUR 18,997 thousand in 2022 compared to the same period of the previous year (2021: EUR 3,701 thousand). This deve­lo­p­ment was prima­rily due to the increase in own work capi­ta­lised of EUR 17,717 thousand (2021: EUR 2,807 thousand) as part of the ongoing plant expan­sion in Dillingen.

Revenue increased by 6.5 % compared to the previous year to EUR 982 thousand (2021: EUR 922 thousand). In anti­ci­pa­tion of signi­fi­cantly higher sales prices follo­wing the commis­sio­ning of the new pelle­ti­sing plant, Pyrum deli­bera­tely did not sell the coke it produced, but instead added a large propor­tion to its inven­tory. Since the first quarter of 2023, Pyrum has met the basic stan­dards required to supply the auto­mo­tive industry. This means that regular deli­veries of high-quality reco­vered carbon black (rCB) can begin. To this end, a long-term serial supply agree­ment was signed with premium tyre manu­fac­turer Conti­nental at the end of March.

Other opera­ting income increased by EUR 7.1 thousand to EUR 1,185 thousand in the reporting period (2021: EUR 1,106 thousand). This increase was prima­rily due to income from rese­arch and deve­lo­p­ment. Here, rese­arch grants amoun­ting to EUR 993 thousand (2021: EUR 510 thousand) were realised, in parti­cular for the Euro­pean “Black­Cycle” project for the effi­cient recy­cling of used tyres. The preli­mi­nary conso­li­dated net result for 2022 was EUR ‑7,987 thousand (2021: EUR ‑8,351 thousand).

Pascal Klein, CEO of Pyrum Inno­va­tions AG: “We have come a big step closer to our goal of estab­li­shing a sustainable circular economy for used tyres. With the commis­sio­ning of the two new produc­tion lines at our site in Dillingen, we expect to triple our capa­city this year. At the same time, we are curr­ently working on the plan­ning for several new plant cons­truc­tion projects in order to drive forward the roll-out of our patented tech­no­logy toge­ther with our part­ners and create addi­tional recy­cling capa­ci­ties at other locations.”

The Trading Update Q4 2022 of Pyrum Inno­va­tions AG is available on the company’s website at IR publi­ca­tions available. The publi­ca­tion of the final figures and the 2022 Annual Report is sche­duled for 19 May 2023.

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.