'Weak Market Conditions' Trigger Ibstock Profit Warning

Ibstock Earnings Warning Sends Shares Tumbling Over 10% After Builders Cut Back on Brick Orders

Ibstock cuts earnings forecast to mid-£40m, sending shares down over 10% as builders slash brick orders, highlighting pressure on UK housing and construction.

'Weak market conditions' trigger Ibstock profit warning

Brick manufacturer Ibstock has blamed “weak market conditions” after it issued a profit warning. On Monday, the listed Leicestershire-based firm said it expected its full-year adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) to be in the mid-£40m range. The company's share price, which…

Ibstock cuts earnings forecast as brick demand weakens

UK building products manufacturer Ibstock has lowered its full-year earnings forecast following a sharp decline in brick demand, prompting production cuts and additional cost-saving measures. The group now expects adjusted EBITDA to be in the mid-£40m range for the year ending 31 December 2026, with second-half performance set to fall materially below previous expectations. Industry […]

Ibstock issues profit warning as brick demand weakens

Ibstock has reportedly cut production after third-quarter brick sales missed forecasts, adding to signs of weak demand in the UK housing market.

Ibstock cuts outlook as brick demand slumps and production is scaled back

Ibstock tumbled on Monday after warning that second-half earnings will come in materially below its previous expectations, as UK brick demand fell sharply in the third quarter and the group cut production to stop unsold stock piling up. Full-year adjusted EBITDA is now expected to be in the mid-£40 million range. Ibstock once consistently posted […]

Ibstock issues profit warning as brick demand falls

Weak market conditions have forced the manufacturer to cut its full-year earnings forecast