EQS-News

IBU-tec advanced materials AG publishes key financial figures 2023 / 2024 significant growth in sales and EBITDA again expected - Seite 2

Already in the first months of the 2024 financial year, IBU-tec was able to achieve important milestones. For example, IBU-tec will develop a new iron oxide product for LFP battery materials as part of a cooperation with the global chemical company LANXESS. The aim is to jointly build a European and sustainable value chain in the field of battery materials in order to reduce dependencies from regions such as China. In addition, IBU-tec presented its new, innovative LFP product IBUvolt LFP 402. The CO2 footprint of the product is around 40% lower than that of Chinese products and thus has clear advantages over conventional products. In addition, IBU-tec is driving further development of battery material and is researching new, innovative materials and possible applications, such as sodium-ion-based batteries.

 

Due to the growing battery business, IBU-tec expects a significant increase in sales of around 25% compared to 2023 and above-average growth in EBITDA of 40-45% for the current financial year. Accordingly, the EBITDA margin is expected to be around 7% in the 2024 financial year. This already includes one-off expenses of more than EUR 2 million for future investments, such as the expansion of sales, application technology or laboratory analysis in the battery sector. IBU-tec also expects the commissioning of the new MBTC plant to significantly improve the yield of raw materials used in glass coating and thus have a positive effect on the Group's liquidity.

 

Jörg Leinenbach, CEO of IBU-tec: "After 2023 was not satisfactory, we have made a very good start to 2024. In addition to the cooperation with LANXESS and the product launch of IBUvolt LFP 402, we expect dynamic growth in the battery sector to continue. We also expect a more positive development in our other markets, such as the glass coating business and the recycling business, in the current financial year. In 2024, we want to leave the dip in growth from 2023 behind us and return to the dynamic expansion path of previous years. We remain firmly focused on the ambitious goals of our IBU2025 strategy."