Pyrum Innovations publishes results for the first nine months of 2022

  • Total opera­ting perfor­mance increased sharply by over 600 % to kEUR 14,156 (9M 2021: kEUR 2,007)
  • Sales from the opera­tion of the plants also increased by 5.3 % to kEUR 714 (9M 2021: kEUR 678)
  • Conso­li­dated net result for the period of EUR ‑5,675 thousand (9M 2021: EUR ‑6,829 thousand)

Dillingen /​Saar, 30 November 2022 — Pyrum Inno­va­tions AG (“Pyrum”), a pionee­ring company that sustain­ably recy­cles used tyres with its globally patented, unique pyro­lysis tech­no­logy, today published its conso­li­dated interim report for the period from 1 January to 30 September 2022. Total opera­ting perfor­mance rose sharply in the first nine months of 2022 compared to the same period of the previous year — by over EUR 600 thousand to EUR 14,156 thousand (9M 2021: EUR 2,007 thousand). This deve­lo­p­ment was prima­rily due to the increase in own work capi­ta­lised of EUR 13,171 thousand (9M 2021: EUR 1,319 thousand) as part of the ongoing plant expan­sion in Dillingen.

Revenue increased by 5.3 % to EUR 714 thousand compared to the first three quar­ters of the previous year (9M 2021: EUR 678 thousand). Pyrum deli­bera­tely included a large propor­tion of the coke produced in its inven­tory in anti­ci­pa­tion of signi­fi­cantly higher sales prices follo­wing the commis­sio­ning of the new pelle­ti­sing plant. The pelle­ti­sing plant is part of the cons­truc­tion of two new produc­tion lines at the main plant in Dillingen, for whose future opera­tion Pyrum has already received offi­cial approval.

Other opera­ting income also increased by 25.6 % to EUR 1,074 thousand in the reporting period (9M 2021: EUR 855 thousand). This increase was prima­rily due to income from rese­arch and deve­lo­p­ment. Rese­arch grants amoun­ting to EUR 930 thousand (9M 2021: EUR 510 thousand) were realised here, in parti­cular for the Euro­pean “Black­Cycle” project for the effi­cient recy­cling of used tyres. The conso­li­dated result for the first nine months of 2022 was EUR ‑5,675 thousand (9M 2021: EUR ‑6,829 thousand).

Pascal Klein, CEO of Pyrum Inno­va­tions AG: “We were able to take further important steps as part of our ambi­tious rollout plans and are working with our part­ners to estab­lish a sustainable circular economy for used tyres. We received the offi­cial opera­ting licence for the expan­sion of our main plant in Dillingen at an early stage and will ther­e­fore be able to meet the already high demand for our products even better in future.”

Pyrum Inno­va­tions AG’s finan­cial reporting for the first nine months of 2022 is available on the company’s website at www​.pyrum​.net/​i​n​v​e​s​t​o​r​e​n​/​f​i​n​a​n​z​p​u​b​l​i​k​a​t​i​o​n​en/ 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.