Ibstock Plc (IBST.L), in its trading update for the second quarter, on Wednesday said that it continues to expect first-half sales volumes in the core business to be materially above last year.
Meanwhile, the company expects sales prices in both clay and concrete in the first half to be broadly in line with the comparative period.
The expected sales volume growth reflects improved activity in the Group's markets, compared to the prior year, as a result of increased demand in residential construction markets.
The manufacturer of clay bricks and concrete products said it continues to project market growth in 2025.
Meanwhile, full year 2025 adjusted EBITDA is now expected to be in the range of 77 million pounds to 82 million pounds, compared to last year's 79 million pounds.
The outlook reflects the revised assumption on selling price/mix and the impact of incremental costs associated with network capacity, which was brought back on line this year.
In the trading update, the company said that it reinstated productive capacity at several factories within its clay network, in line with previously outlined plans. The reactivation of these sites has, however, lead to higher-than-expected incremental fixed costs in the current year, mainly due to initially lower levels of productivity and operational efficiency as operations ramp back up.
Joe Hudson, Chief Executive Officer, said, "Despite ongoing uncertainty, we are encouraged by signs of recovery in the UK housing market..... Notwithstanding the margin headwinds encountered in 2025, we remain confident that our recent actions alongside our strategic investments leave us well positioned as activity levels continue to pick up."
On the LSE, the stock is down 15 percent on Wednesday's trading at 165.09 pence.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.