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Pyrum Innovations AG ( (DE:PYR) ) has provided an announcement.
Pyrum Innovations AG reported a significant 51% increase in sales for the first quarter of 2025, reaching EUR 509 thousand, and achieved a positive EBITDA for the first time due to investment grants. The company is progressing with its plant expansion in Dillingen and plans to start construction on a new plant in Perl-Besch, aiming for profitability by 2027. The management anticipates substantial sales growth and output for the year, despite expected negative EBIT due to high investment activities.
The most recent analyst rating on (DE:PYR) stock is a Buy with a NOK58.00 price target. To see the full list of analyst forecasts on Pyrum Innovations AG stock, see the DE:PYR Stock Forecast page.
More about Pyrum Innovations AG
Pyrum Innovations AG is a pioneering company in the recycling industry, specializing in the innovative thermolysis technology for recycling end-of-life tyres and plastics with minimal emissions. The company produces high-quality products like thermolysis oil and recovered Carbon Black, which are utilized by major partners such as BASF, Continental, and Schwalbe. Pyrum is committed to sustainability and has been operational since 2020, with multiple plants and recognized certifications like REACH and ISCC Plus.
Average Trading Volume: 687
Current Market Cap: NOK1.2B
See more insights into PYR stock on TipRanks’ Stock Analysis page.