Ibstock ( (GB:IBST) ) just unveiled an announcement.
Ibstock Plc reported a resilient performance for 2024, with adjusted EBITDA around £79 million, despite a challenging UK construction market that saw a significant drop in brick deliveries. The company maintained its financial strength through cost management and pricing stability, while strategically investing in capacity expansions and sustainability initiatives, including the development of the UK’s first carbon-neutral brick. Looking forward to 2025, Ibstock expects improved market conditions supported by government reforms and its strategic investments, positioning it well to capitalize on a potential recovery in residential construction activity.
More about Ibstock
Ibstock Plc is a leading UK manufacturer of a diverse range of building products and solutions, focusing on eight core product categories including bricks, masonry, roofing, flooring, and infrastructure products. The company operates through two main divisions, Ibstock Clay and Ibstock Concrete, with Ibstock Futures aimed at accelerating growth in emerging construction trends.
YTD Price Performance: -7.16%
Average Trading Volume: 750,389
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £643.8M
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