The latest update is out from Ibstock ( (GB:IBST) ).
Ibstock Plc reported a resilient financial performance for the year ended 31 December 2024, despite challenging market conditions. The company’s revenue decreased by 10% to £366 million, with profit before tax falling to £21 million. However, strategic progress was made with significant investments in sustainable manufacturing capacity, including the ramp-up of production at the new Atlas factory and advancements in product innovation. The company anticipates improved market volumes in 2025, supported by its enhanced capacity and strategic positioning, which is expected to drive future growth and shareholder returns.
More about Ibstock
Ibstock Plc is a leading UK manufacturer of building products and solutions, with two core divisions: Ibstock Clay, the largest manufacturer of clay bricks in the UK, and Ibstock Concrete, a major producer of concrete roofing, walling, flooring, and fencing products. The company is supported by Ibstock Futures, focusing on sustainable solutions and Modern Methods of Construction. Ibstock is committed to reducing carbon emissions by 40% by 2030 and achieving net zero operations by 2040.
YTD Price Performance: -6.93%
Average Trading Volume: 680,164
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £645.4M
For an in-depth examination of IBST stock, go to TipRanks’ Stock Analysis page.