Pyrum cuts 2026 forecast on slower plant ramp-up

Dillingen, Germany – Pyrum Innovations AG has lowered its full-year outlook after the ramp-up of a new grinding and pelletising plant at its flagship facility in Dillingen progressed more slowly than expected.

The end-of-life tire (ELT) pyrolysis company now expects 2026 revenue of €4.2 - €5.3 million, down from its previous forecast of €6.5 - €9.5 million, said Pyrum 22 Sept.

Pyrum also widened its expected consolidated EBIT loss to €10.0 - €12.5 million, compared with a previous forecast of €8.0 - €10.5 million loss.

The company also lowered its forecast for total output to €11 - €14 million, from €12 - €18 million previously.

The revision reflects the “unexpected development of the ramp-up phase” at the new grinding and pelletising facility in Dillingen, Pyrum said.

Following modification work, the unit is currently achieving throughput of up to 1,250kg/hour, below its planned target of 1,650kg/hour.

According to CEO Pascal Klein, the bottleneck is in conveying ground material from the buffer hopper to downstream process stages.

The equipment supplier is working on “various technical solutions” to address the issue and meet its contractual obligations, he added.

Pyrum has meanwhile received temporary approval to increase production from 16 to 24 hours a day for two months.

A third shift, including night working, is expected to start by the end of September to recover part of the lost production during the fourth quarter.

However, Pyrum said the additional shifts would not fully compensate for production already lost during the year and would increase operating costs.

The forecast revision came as Pyrum reported a 37.6% year-on-year increase in first-half revenue to €1.74 million, up from €1.27 million a year earlier.

Revenue nevertheless “fell short of expectations” due to the delayed ramp-up of the Dillingen grinding and pelletising plant, the company said.

Total output fell to €3.79 million from €6.71 million the year before, largely due to "lower capitalised own work" following the completion and commissioning of major equipment at Dillingen.

The company also reported a loss (EBITDA) of €4.36 million over the first half, compared with a loss of €2.36 million a year earlier.

Pyrum noted, however, that the 2025 figure benefited from non-recurring government investment grants. Excluding those effects, prior-year loss was at €4.37 million.