PYROLYX AG
DGAP-Ad-hoc: Pyrolyx AG / Key word(s): Preliminary Results Pyrolyx announces preliminary figures for 2017 and revised capital requirements planning The preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) of the Pyrolyx Group for the financial year 2017 amount to a loss of around EUR 6.5m million (compared to a loss of EUR 4.5 million in 2016). The Pyrolyx Group's revenue in 2017 was about EUR347,000, up from EUR234,000 the previous year.
Given the higher capital requirement for the construction and technical enhancements of its new production plant in the USA and its existing facility in Stegelitz as well as to avoid any possibly resulting liquidity shortages, the Management Board of Pyrolyx AG today adjusted its capital requirements planning and agreed to hold talks on borrowing or raising equity.
27-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Pyrolyx AG |
| Nymphenburger Str. 70 | |
| 80335 München | |
| Germany | |
| Phone: | +49 (0)89 856 335 50 |
| Fax: | +49 (0)89 856 335 55 |
| E-mail: | info@pyrolyx.de |
| Internet: | www.pyrolyx.com |
| ISIN: | DE000A2E4L42 |
| WKN: | A2E4L4 |
| Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich, Stuttgart |
| End of Announcement | DGAP News Service |
658279 27-Feb-2018 CET/CEST
