IBU-tec advanced materials AG
ISIN: DE000A0XYHT5
WKN: A0XYHT
27 August 2024 08:29AM

EQS-News: IBU-tec witnesses clearly positive signals in the 1st half of 2024

IBU-tec advanced materials AG · ISIN: DE000A0XYHT5 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1975339

EQS-News: IBU-tec advanced materials AG / Key word(s): Half Year Report/Half Year Results
IBU-tec witnesses clearly positive signals in the 1st half of 2024

27.08.2024 / 08:29 CET/CEST
The issuer is solely responsible for the content of this announcement.


IBU-tec witnesses clearly positive signals in the 1st half of 2024

  • Revenue of EUR 24.8 million roughly equivalent to previous year (previous year: EUR 25.3 million)
  • EBITDA significantly lower at EUR 0.2 million (previous year: EUR 2.9 million)
  • Operating cash flow turned positive at +1.6 million euros (previous year: -1.9 million)
  • Battery materials continue to be a strategic growth area
  • Full-year forecast confirmed

Weimar, 27. August 2024 – IBU-tec advanced materials AG ("IBU-tec", ISIN: DE000A0XYHT5) sees clear signs of a business recovery in the 1st half of 2024 and therefore confirms its forecast for the year.

Some business units, such as Specialty Chemicals, achieved significant increases in sales and earnings contributions in the first half of the year. In contrast, the glass coating business fell short of expectations. The strategic growth area of battery materials was marked by important milestones, such as the cooperation with LANXESS and a further increase in market interest in the IBU-tec battery material products lithium iron phosphate - IBUvolt® LFP and sodium manganese oxide - IBUvolt® NMO. The company's own battery material product IBUvolt LFP402, which was launched at the beginning of 2024, made a significant contribution to this. The number of material samples, most of which were distributed to industrial companies for a fee, was at a record level in the first half of 2024 - discussions with potential partners are ongoing.

As a result of positive market feedback IBU-tec pushed the expansion of the battery sector even more strongly than originally planned in the reporting period. In the period under review, an additional EUR 1 million was invested in technology, infrastructure, personnel and sales for battery materials. While revenues in the first half of the year totaled EUR 24.8 million, roughly on par with last year's EUR 25.3 million, EBITDA of EUR 0.2 million was significantly lower than in the same period last year (EUR 2.9 million). Operating cash flow developed very positively and amounted to EUR +1.6 million compared to EUR -1.9 million in the same period of the previous year. Free cash flow also improved from EUR -1.3 million to EUR +0.4 million. The equity ratio remained at a high level of 69.4 percent as of June 30, 2004 (year-end 2003: 74.8 percent).

At BNT GmbH, in addition to the traditional product business, we also expect a positive earnings development in the coming months, combined with the further expansion of the service business and the associated restructuring measures.

Building on the promising strategic development in the first half of the year, IBU-tec will focus in the coming months on monetizing its promising market position as the only European supplier of LFP battery materials. In addition, the company expects the robust development in the high-revenue areas of Specialty Chemicals and Service & Recycling to continue.

For 2024, the company's previous forecast remains unchanged, with a significant increase in sales and above-average EBITDA growth expected for the full year. In the battery sector, the top priority is to ensure IBU-tec's sustainable growth prospects for the coming decades.

The semi-annual report 2024 is available for download today at www.ibu-tec.de. As part of the publication of the semi-annual figures for 2024, a results call will take place today at 11 a.m. Registration is possible under the following link: https://attendee.gotowebinar.com/register/5408976425862431064

 

About IBU-tec

The IBU-tec Group develops and produces innovative materials of the highest quality for industry. In doing so, it combines unique, partly patent-protected thermal process technology with the process and material know-how of around 250 highly qualified employees.

The company's own products include LFP battery material, which is an important component of batteries for electromobility and stationary energy storage, as well as solutions for air purification, resource conservation and the reduction of plastic packaging. IBU-tec is thus positioned in the long term in global megatrends – especially climate and environmental protection – and has an international customer base ranging from innovative medium-sized companies to global corporations.

Contact

edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42-44
60322 Frankfurt
t +49 69 905505-52
IBU-tec@edicto.de



27.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: IBU-tec advanced materials AG
Hainweg 9-10
99425 Weimar
Germany
Phone: +49 (0)3643 - 8649-0
Fax: +49 (0)3643 - 8649-30
E-mail: mail@ibu-tec.de
Internet: www.ibu-tec.de
ISIN: DE000A0XYHT5
WKN: A0XYHT
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1975339

 
End of News EQS News Service

1975339  27.08.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 46,57 48,45 32,96 44,09 53,94 48,23 50,00
EBITDA1,2 6,91 7,12 6,98 5,53 6,69 2,96 0,75
EBITDA-Margin3 14,84 14,70 21,18 12,54 12,40 6,14 1,50
EBIT1,4 2,55 1,95 2,08 0,94 1,94 -1,79 -4,10
EBIT-Margin5 5,48 4,03 6,31 2,13 3,60 -3,71 -8,20
Net Profit (Loss)1 2,33 0,87 1,00 -0,24 1,29 -2,49 -5,00
Net-Margin6 5,00 1,80 3,03 -0,54 2,39 -5,16 -10,00
Cashflow1,7 3,31 4,23 4,47 -1,13 -3,27 2,41 1,30
Earnings per share8 0,35 0,22 0,25 -0,05 0,27 -0,52 -1,05
Dividend per share8 0,20 0,00 0,00 0,00 0,04 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: KPMG

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INVESTOR-INFORMATION
©boersengefluester.de
IBU-tec advanced materials
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A0XYHT DE000A0XYHT5 AG 32,21 Mio € 30.03.2017 Kaufen 9F2HX942+RG
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
18,83 41,14 0,46 37,25 0,60 13,35 0,67
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,04 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
30.04.2025 27.08.2024 19.11.2024 21.03.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-3,97%
6,78 €
ATH 60,40 €
-24,04% -34,64% -62,46% -60,12% -58,91%

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