€70.4m market cap
€17.6 last close
IBU-tec is an international full service provider in the field of thermal process engineering, predominantly treating inorganic materials. Its services help clients create enhanced performance materials, reduce energy consumption and use input materials more efficiently.
H118 was successful for IBU-tec on several fronts. Revenues were back to almost H117 levels, as strong growth in demand for battery materials offset continued weakness in demand for materials used in automotive catalytic converters. Management achieved the objective set out at the IPO of purchasing a new site in Bitterfeld where more complex and hazardous materials can be processed in volume. It also purchased BNT Chemicals, more than doubling the revenues and adding complementary chemistries.