€42.8m market cap
€10.7 last close
IBU-tec is an international full-service provider in the field of thermal process engineering, predominantly treating inorganic materials. The acquisition of BNT has added complementary wet chemical processes for manufacturing tin-based products.
IBU-tec is expanding its share in the greentech, electromobility, energy storage and life science sectors, all of which are likely to show strong growth in future. In the short term however, management expects weaker demand from some customers, the effects of coronavirus and a fire affecting some of the reactors at BNT will result in FY20 sales being in the lower double-digit percentage range below FY19’s level.