IBU-tec (IBU)

Business description

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.

Investment summary

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.

Last updated on 01/05/2018

Key management

Ulrich Weitz, CEO
Jörg Leinenbach, CFO

Company address

Hainweg 9-11
99425 Weimar, Germany
Germany
+49 (0)3643 - 8649-0
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