IBU-tec Anticipates Significant Growth in Sales and EBITDA for 2023/2024

IBU-tec advanced materials AG has reported its financial outcomes for the year 2023, revealing a revenue of EUR 48.3 million and an EBITDA of approximately EUR 3.0 million. Despite the challenging economic environment marked by inflation and rising costs, the company has seen robust growth in its battery materials sector, with sales reaching EUR 10.2 million, indicating a substantial growth from previous years.

Looking ahead to 2024, IBU-tec projects a notable increase in revenue by around 25% from the previous year and an EBITDA growth of 40-45%. The company attributes this optimism to advancements in the battery business, highlighted by a new partnership with global chemical company LANXESS and the introduction of an innovative LFP product, IBUvolt® LFP 402. This product boasts a CO2 footprint approximately 40% lower than comparable offerings, emphasizing IBU-tec's commitment to sustainable and European-based production.

CEO Jörg Leinenbach expressed confidence in surpassing the previous year's performance, aiming for a return to dynamic growth driven by expansions in their battery, glass coating, and recycling sectors. The company's strategic direction aligns with its IBU2025 aspirations, focusing on growth and innovation.