on Pyrum Innovations AG (isin : DE000A2G8ZX8)
Pyrum Innovations AG Reports 2024 Financial Year Results
Pyrum Innovations AG announced its preliminary financial results for 2024, highlighting significant changes in its financial performance. The company achieved a sales increase of 76% compared to the previous year, reaching EUR 2,017 thousand. However, total output decreased to EUR 10,194 thousand, reflecting the strategic focus on plant expansion.
Investments at the Dillingen headquarters and new site in Perl-Besch have influenced the financials, with a consolidated net loss of EUR 10,883 thousand. These investments include workforce expansion and organizational development. Cash liquidity improved to EUR 11,741 thousand, bolstered by BASF loan tranches and a successful capital increase.
The company completed full-load tests on new production lines, now operational and producing over 1,200 tons of oil for BASF. Pyrum aims to strengthen its position as an innovation leader while investing in European expansion.
R. E.
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