Pyrum Innovations

Pyrum unveils a new brand identity and highlights progress in recovering oil and carbon black from end-of-life tires. The company is working on scaling up carbon-black pellet production, which is expected to be completed by the end of the third quarter. The prospect of this development is pushing the stock above €30 for the first time since December and is creating a short-term upward trend. » Mere på finanzen.net

Pyrum has concluded the first plant purchase agreement for a plant being developed together with third parties. The company will deliver core components and integrate all modules for the production facility in the Czech Republic, which is scheduled to start operations in spring 2028. The contract strengthens the second pillar of the business model (partner plants, mostly with minority stakes) and is likely to give the share a boost. If production of carbon black pellets reaches target levels after the ongoing plant conversion in the third quarter, the share price could rise further. » Mere på finanzen.net

Pyrum reports Q1 revenue rising from €0.5m to €1.0m, but remains below its structural cost base with a negative EBITDA of €-2.4m. The confirmation that the modifications to the new grinding and pelleting plant are to be completed in the third quarter is crucial for reaching target output and achieving a marked improvement in results. Planned further financing measures weigh on the short term, but analysts see an attractive entry opportunity as pellet production rises and new plants come online over the next 24 months. » Mere på finanzen.net