{"id":728305,"date":"2026-08-05T13:30:20","date_gmt":"2026-08-05T13:30:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/728305\/"},"modified":"2026-08-05T13:30:20","modified_gmt":"2026-08-05T13:30:20","slug":"ibstock-makes-27m-loss-as-brick-demand-dives","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/728305\/","title":{"rendered":"Ibstock makes \u00a327m loss as brick demand dives"},"content":{"rendered":"


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The loss compared to an \u00a38m profit last time as turnover fell to \u00a3164m from \u00a3193m.<\/p>\n

The losses came despite two price hikes during the period as production levels were reduced by 20 million units and mothballed facilities led to impairment charges of \u00a324.7m.<\/p>\n

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Joe Hudson, Chief Executive Officer said: \u201cIbstock delivered a solid first-half performance against a backdrop that remains challenging, with focused execution delivering results in line with our expectations. We continue to enhance our market leading position with continued progress across our strategic levers, and we will continue to adapt capacity, inventory levels and costs to market conditions.<\/p>\n

\u201cAlthough we expect private housebuilding and RMI activity levels to remain challenging in the near term, the Group expects to achieve a stronger adjusted EBITDA in H2 than H1.<\/p>\n

\u201cLooking ahead, with the investments we have made in our manufacturing network largely complete \u2013 driving a more reliable and efficient network, we are well-positioned to capitalise when market conditions improve. Continued progress across our five strategic levers \u2013 which includes the breadth of opportunities within our unrivalled land and clay reserves \u2013 reinforces our confidence in the Group\u2019s ability to create significant long-term value.\u201d<\/p>\n

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