EQS News: IBU-tec sees clear positive signals in 1st half of 2024 Page 1

EQS News: IBU-tec advanced materials AG / Keywords: Half-year report/Half-year results
IBU-tec sees clear positive signals in the 1st half of 2024

27.08.2024 / 08:29 Central European Time/Central European Time
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IBU-tec sees clear positive signals in the 1st half of 2024

Turnover of EUR 24.8 million, approximately the same as last year (previous year: EUR 25.3 million)
EBITDA significantly lower at EUR 0.2 million (previous year: EUR 2.9 million)
The operating cash flow has become positive and amounts to +1.6 million euros (previous year: -1.9 million)
Battery materials remain a strategic growth area
Annual forecast confirmed

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

Some business units, such as Specialty Chemicals, achieved significant increases in sales and profit contributions in the first half of the year. In contrast, the glass coatings business fell short of expectations. The strategic growth area of battery materials was marked by important milestones, such as the partnership 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 in early 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 continued to expand its battery business even more strongly than originally planned in the reporting period. An additional EUR 1 million was invested in technology, infrastructure, personnel and sales of battery materials during the reporting period. While sales in the first half of the year totaled EUR 24.8 million, approximately the same as the previous 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 last 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 (end of 2003: 74.8 percent).