Pyrum Innovations AG publishes financial figures for the first three months of 2024

Pyrum Innovations AG has released its financial performance for Q1 2024. The company's sales reached EUR 336 thousand, up 54% from the same period in 2023. However, the consolidated net loss increased to EUR -2,684 thousand from EUR -2,237 thousand last year.

The company's main plant in Dillingen successfully launched its third production line. This line is already producing at 55% capacity, with plans to reach 75% in the coming months. Additionally, Pyrum extended its REACH registration, allowing for the production and import of over 1,000 tons of thermolysis oil annually.

Pyrum's management forecasts annual sales of EUR 3.0 million to EUR 4.0 million and a total output of EUR 25 million to EUR 30 million for 2024. EBIT is expected to range between EUR -11.0 million and EUR -13.0 million for the group.