IBU-tec advanced materials AG reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was EUR 49.12 million compared to EUR 54.3 million a year ago. Revenue was EUR 51.59 million compared to EUR 60.31 million a year ago.

Net loss was EUR 2.49 million compared to net income of EUR 1.28 million a year ago. Basic loss per share from continuing operations was EUR 0.52 compared to basic earnings per share from continuing operations of EUR 0.27 a year ago.