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The latest announcement is out from Pyrum Innovations AG ( (DE:PYR) ).
Pyrum Innovations AG reported a 76.3% increase in sales for the 2024 financial year, driven by the acceptance of more end-of-life tyres and consulting contracts. Despite this growth, the company’s total output decreased slightly due to lower capitalized work as plant expansions progressed. The company anticipates a significant sales boost in the latter half of 2025 with the commissioning of new facilities. Pyrum is expanding internationally, with new projects in Antwerp and Scandinavia, and has secured long-term purchase agreements, providing planning security. The company expects to achieve balanced EBITDA by 2026 and break-even by 2027.
More about Pyrum Innovations AG
Pyrum Innovations AG has transformed the recycling market for end-of-life tyres by developing an innovative thermolysis technology since 2008. This process allows for the recycling of tyres and plastics with minimal emissions, producing high-quality products like thermolysis oil and recovered Carbon Black (rCB), which are utilized by companies such as BASF, Continental, and Schwalbe. The company operates with a focus on sustainability and has expanded its operations with multiple plants, receiving recognition for its eco-friendly solutions.
Average Trading Volume: 559
Current Market Cap: NOK1.24B
See more data about PYR stock on TipRanks’ Stock Analysis page.