IBU-tec Advanced Materials Forecasts Significant Sales & EBITDA Growth for 2023/2024

• Revenue in 2023 was EUR 48.3 million, with EBITDA at approximately EUR 3.0 million
• Important milestones achieved in the battery sector in early 2024, including cooperation with LANXESS and launch of new product IBUvolt LFP 402
• Forecast for 2024 includes a significant increase in revenue of around 25% year-on-year and above-average growth in EBITDA of 40-45% year-on-year
• Challenging macroeconomic conditions in 2023, but strong growth in battery materials sector
• Expectations for 2024 include significant sales growth of 25% and EBITDA growth of 40-45%, with EBITDA margin expected to be around 7%
• CEO Jörg Leinenbach optimistic about 2024, focusing on dynamic growth in battery sector and positive development in other markets

The next important date, Publication of consolidated/annual financial statements, at IBU-tec advanced materials is on 21.03.2024.

The price of IBU-tec advanced materials at the time of the news was 9,6050EUR and was down -0,21 % compared with the previous day.
10 minutes after the article was published, the price was 9,9200EUR this corresponds to a plus of +3,28 % since publication.

IBU-tec advanced materials

-0,77 %

+12,88 %

-9,62 %

-24,25 %

-57,99 %

-68,39 %

-21,73 %

-22,65 %

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ISIN:DE000A0XYHT5WKN:A0XYHT

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