IBU-tec Reports Positive Signals in First Half of 2024

IBU-tec advanced materials AG has reported significant developments in the first half of 2024. The company’s revenue stood at EUR 24.8 million, nearly matching the previous year's EUR 25.3 million. However, EBITDA dropped to EUR 0.2 million from last year's EUR 2.9 million.

The strategic focus on battery materials showed promising results. Cooperation with LANXESS and growing market interest in IBU-tec’s lithium-iron phosphate and sodium-manganese oxide products were significant milestones. Investment in technology and infrastructure for battery materials amounted to an additional EUR 1 million during the review period.

Operating cash flow improved, reaching EUR +1.6 million compared to -1.9 million the previous year. Free cash flow also increased from EUR -1.3 million to EUR +0.4 million. The equity ratio remained strong at 69.4%.

IBU-tec plans to harness its market position as the sole European supplier of LFP battery materials. The company confirms its full-year forecast, anticipating substantial sales growth and above-average EBITDA increase.