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IBU-tec

A new dimension

Update | General Industrials | 13 Sep 2018

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.

IBU-tec

Transformative acquisition

Update | General Industrials | 04 Jul 2018

IBU-tec has completed the acquisition of speciality chemicals company BNT Chemicals in a transformative deal that substantially expands the type of chemical treatments deployed, the markets served and the customer-base. Management estimates this will more than double annualised revenues and be immediately earnings enhancing with the potential to substantially improve BNT’s profitability in the medium term. The terms of the transaction were not disclosed. The consideration was payable in cash using some of the funds from the IPO and bank loans.

IBU-tec

One door closes, another door opens

Update | General Industrials | 01 May 2018

Fallout from the Dieselgate scandal included a reduction in demand for the chemicals used in automotive catalytic converters. This adversely affected IBU-tec's FY17 revenues (down 5%) and pre-tax profits (down 55%). Conversely, the environmental agenda is driving demand for electric vehicles, battery energy storage systems for use with renewables and catalytic devices for cleaning up factory exhaust gases. Management expects demand for specialist materials used in these applications to support a recovery in sales and EBITDA during FY18.

IBU-tec

EBIT margin ahead of target

Update | General Industrials | 05 Sep 2017

IBU-tec beat its EBIT margin target for H117 despite bearing the increased costs associated with a new logistics facility and selective investment in engineering and sales personnel. Sales benefitted from diversification into the fast growing battery energy storage market. Management is pushing ahead to acquire a third site where it can manufacture more complicated materials by 2018 at the latest.

IBU-tec

Thermal processing experts

Initiation | General Industrials | 30 Mar 2017

IBU-tec has a unique, proprietary reactor for manufacturing inorganic materials with precisely controlled properties. This has enabled it to generate double-digit revenue growth since FY13 and deliver an EBIT margin of over 20% since FY14. IBU-tec has raised €16.5m (gross) through an IPO to fund its plans for doubling revenues and profits medium-term.