Firm’s boss says timing of recovery ‘difficult to predict’

Brickmaker Ibstock has warned that trading in the second half of the year will not be as strong as previously expected.

In a third quarter trading update, the firm said demand had been weaker in its clay and concrete markets and added: “In light of the lower levels of market activity and pricing anticipated during the second half, the board now expects adjusted EBITDA in the second half of the 2025 year to be similar to the level achieved in the first half of the year.”

ibstock site

Ibstock said trading in the second half was not as strong as previously expected

Chief executive Joe Hudson admitted: ”With clear, long term structural imperatives for residential construction growth, it is disappointing that additional near term headwinds are impacting momentum in our markets in the latter part of the year.” And he added it “remains difficult to predict the pace and timing of market recovery”.

Over the summer, the firm said turnover increased 9% to £193m in the six months to June. But pre-tax profit was down a third to £8m.

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