Pyrum sees sales of EUR 2,017 thousand, up 76% on the previous year against a total output decline
Pyrum Innovations AG has published its trading update for the fourth quarter of 2024 and 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 for orders of system components with long delivery times for the new site in Perl-Besch. In addition, there were investments in the expansion of the workforce and the further development of the organisational structure.
Sales increased by 76 per cent year-on-year to EUR 2,017 thousand in the 2024 financial year (2023: EUR 1,147 thousand). Own work capitalised amounted to EUR 7,468 thousand (2023: EUR 11,712 thousand) as construction of the plant expansion in Dillingen and the new plant 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 output fell by 20 per cent to EUR 10,194 thousand compared to the same period in the previous year (2023: EUR 12,799 thousand). Other operating income increased significantly year-on-year to EUR 1,210 thousand (2023: EUR 715 thousand) due to investment grants of EUR 760 thousand (2023: EUR 151 thousand) for the creation of jobs in Dillingen. The preliminary consolidated net result for the year amounted to EUR -10,883 thousand (2023: EUR -9,511 thousand). Available liquidity increased to EUR 11,741 thousand as at December 31, 2024 (December 31, 2023: EUR 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 added; “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. The full-load tests on our two new production lines and their commissioning have now been successfully completed on schedule, meaning that the lines are now going into regular operation. In total, we have already produced over 1,200 tons 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.
