Zach Liggett's questions to NORTHERN TECHNOLOGIES INTERNATIONAL (NTIC) leadership • Q2 2025
Question
Asked for an update on the EXCOR joint venture in Germany, inquiring about the challenges, the company's ability to influence the situation, and the outlook for dividends from the JVs.
Answer
The company explained that the German and broader European economies are suffering from a high-cost energy environment due to the Ukraine crisis, which has led to manufacturing plant shutdowns. This is negatively impacting EXCOR's business, and the situation is expected to persist for the foreseeable future, suggesting limited ability to effect change and a challenging outlook for improvement.