Pyrum Innovations AG Reports Q1 Sales Growth

Pyrum Innovations AG (DE:PYR) has released an update.

Pyrum Innovations AG reported a 54% increase in sales to EUR 336 thousand in the first quarter of 2024, yet faced a larger consolidated net loss of EUR -2,684 thousand compared to the previous year. The company successfully commissioned the third reactor line at its main plant, marking a significant milestone in its site expansion. Pyrum continues to bolster its production capabilities, including extending the REACH registration for its thermolysis oil, and maintains a positive outlook for the year with projected sales between EUR 3.0 million and EUR 4.0 million.

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