Ibstock Slips Into the Red in ‘Challenging’ Market
The brick maker cut its dividend to 0.5p a share and took a £25 million impairment as soft demand hit volumes.
8 Articles
8 Articles
Ibstock slips into the red in ‘challenging’ market
The UK’s largest clay brick manufacturer Ibstock has posted a half-year loss, as energy costs and falling demand weigh heavily on the company. Ibstock made a £27m loss for the six months to the end of June this year, compared with an £8m profit in… The post Ibstock slips into the red in ‘challenging’ market appeared first on Construction News.
Ibstock H1 Earnings Call Highlights
Ibstock (LON:IBST) reported lower first-half revenue and earnings as weak housing and repair, maintenance and improvement markets weighed on demand, while the building products group said it expects second-half adjusted EBITDA to exceed the first-half result. Group revenue for the six months ended
Revenue and profit slide at Leicestershire building products manufacturer
Ibstock, the manufacturer of building products, has seen a dip in revenue and profit, with the business’s CEO calling the first-half performance “solid” against a challenging backdrop. According to results for the six months ended 30 June 2026, revenue at the Leicestershire-headquartered company decreased 15% to £164m, following a “challenging” first quarter with a subdued demand environment and […]
Ibstock swings to loss and cuts dividend amid building slump
One of the UK’s biggest brickmakers has bemoaned a ‘challenging’ housebuilding market as it slashed its dividend and swung to a loss. Leicestershire-based Ibstock, which is London’s second most shorted stock with a reported short interest of 12.9 per cent, posted a loss of £27m for the first six months of the year, down from a profit of £8m last year. Revenue for the period slid 15 per cent to £164m, while the company cut its dividend from 1.5p …
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