02.05.2022 IBU-tec advanced materials AG  DE000A0XYHT5

DGAP-News: ​​​​​​​IBU-tec advanced materials AG Enters Into Partnership Agreement with Morrow Batteries Norway to Become an Integral Player In the European Battery Materials Supply Chain


DGAP-News: IBU-tec advanced materials AG / Key word(s): Contract/Agreement
​​​​​​​IBU-tec advanced materials AG Enters Into Partnership Agreement with Morrow Batteries Norway to Become an Integral Player In the European Battery Materials Supply Chain

02.05.2022 / 08:30
The issuer is solely responsible for the content of this announcement.

IBU-tec advanced materials AG Enters Into Partnership Agreement with Morrow Batteries Norway to Become an Integral Player In the European Battery Materials Supply Chain

  • Memorandum of Understanding for the procurement of up to 200 t of IBUvolt battery material per year to Norwegian battery manufacturer
  • Development partnership for high-performance batteries
  • Long-term development of a sustainable European battery materials supply chain to ensure regional independence
  • IBU-tec is the sole producer and supplier of LFP battery materials in Europe

Weimar, 2 May 2022 - IBU-tec advanced materials AG ("IBU-tec", ISIN: DE000A0XYHT5) has concluded a Memorandum of Understanding with the Norwegian battery producer Morrow Batteries on the supply of LFP cathode material for a pilot plant of up to 200 t per year. IBU-tec will supply the first batches of its own IBUvolt battery material for current year testing. During this phase, both companies intend to work together on the development of high-performance batteries for various applications. Long term, we anticipate a rapidly growing business market for a sustainable, European production, battery materials supply chain.

IBU-tec first offered its own LFP battery material in October 2021 and can now fulfill the first major orders. IBU-tec is presently the only manufacturer in Europe producing and supplying LFP battery materials. The company has many years of experience in the development and manufacture of the material, which has a variety of usage applications such as batteries for electric vehicles, stationary energy storage or industrial and medical applications.

Dr. Arndt Schlosser, CSO, IBU-tec advanced materials AG: "With the Morrow Batteries agreement, we are strengthening our market position as a European supplier of high-quality LFP battery material and making ourselves independent of Asian supply chains. The development partnership with Morrow Batteries allows us to further hone our expertise in the continuous improvement of our own material."

Terje Andersen, CEO Morrow Batteries: "Morrow's vision is to create the most cost-effective and sustainable battery cells. The development of European based battery material supply chains is a critical component of that vision. We are delighted to partner with IBU-tec in scaling material for robust European origin LFP cell production, meeting the needs of the growing European market."

About IBU-tec

The IBU-tec Group develops and produces innovative materials of the highest quality for industry. It combines unique, partly patent-protected technology of thermal process engineering with the process and material know-how of around 250 highly qualified employees.

Its own products include LFP battery material, which is an important component of batteries for electromobility and stationary energy storage, as well as solutions for air purification, resource conservation and the reduction of plastic packaging. IBU-tec is thus well positioned in the long term for global megatrends - especially regarding climate and environmental protection - and has an international customer base ranging from innovative medium-sized companies to global corporations.

About Morrow Batteries

Morrow is committed to developing and manufacturing the world's most cost-effective and sustainable battery cells. The company's vision is to enable and accelerate the transition to green energy through smart cell chemistry and energy-saving cell production processes. In southern Norway, Morrow is currently building a 42 GWh gigafactory powered by 100% renewable hydropower to produce batteries with the lowest possible CO2 footprint in the world.

Morrow Batteries was founded in 2020 by dedicated owners and management. Leading investors are Agder Energi Venture, a wholly-owned subsidiary of Agder Energi, NOAH, a wholly-owned subsidiary of Gjelsten Holding, and the Danish pension fund PKA.


Investor Relations
IBU-tec advanced materials AG
Dr. Stefan Steck
Public & Investor Relations
t +49 3643 8649-51
[email protected]

Financial and Business Press
edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42-44
60322 Frankfurt
t +49 69 905505-52
[email protected]

02.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: IBU-tec advanced materials AG
Hainweg 9-10
99425 Weimar
Phone: +49 (0)3643 - 8649-0
Fax: +49 (0)3643 - 8649-30
E-mail: [email protected]
Internet: www.ibu-tec.de
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1339893

End of News DGAP News Service

1339893  02.05.2022 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 17,74 16,81 46,57 48,45 32,96 44,09 56,00
EBITDA1,2 6,20 2,66 6,91 7,12 6,98 5,53 7,40
EBITDA-Marge3 34,95 15,82 14,84 14,70 21,18 12,54 13,21
EBIT1,4 4,14 0,30 2,55 1,95 2,08 0,94 2,30
EBIT-Marge5 23,34 1,78 5,48 4,03 6,31 2,13 4,11
Jahresüberschuss1 2,85 0,17 2,33 0,87 1,00 -0,24 1,10
Netto-Marge6 16,07 1,01 5,00 1,80 3,03 -0,54 1,96
Cashflow1,7 3,77 0,78 3,31 4,23 4,47 -1,13 3,90
Ergebnis je Aktie8 0,71 0,04 0,35 0,22 0,25 -0,05 0,23
Dividende8 0,13 0,13 0,20 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

IBU-tec advanced materials
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0XYHT 33,950 Kaufen 161,26
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
19,97 41,79 0,48 97,28
2,78 - 3,66 27,39
Dividende '22 in € Dividende '23e in € Div.-Rendite '22e
in %
0,00 0,00 0,00 26.04.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
31.08.2022 26.04.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
4,28% 25,10% -1,02% -13,39%
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Chemie , A0XYHT , IBU , XETR:IBU