Pyrum Innovations AG Reports Financial Results for 2024

Pyrum Innovations AG released its financial results for the 2024 fiscal year. The company reported a significant increase in sales, rising by 76.3% to EUR 2.0 million compared to EUR 1.1 million in 2023. This was driven by higher volumes of end-of-life tyres and consulting services, despite ongoing construction of a new grinding plant limiting rCB sales.

Total output slightly decreased to EUR 11.7 million from EUR 12.8 million in the previous year. The decline was mainly due to lower internal capital expenditures during plant expansion. Pyrum faced a consolidated net loss of EUR -10.1 million, an increase from the previous year's loss of EUR -9.5 million.

Looking ahead, the company anticipates increased revenue in 2025 as new facilities become operational. Sales projections for 2025 are between EUR 4.5 million and EUR 6.0 million, with total output expected to be in the range of EUR 20 million to EUR 25 million.