London · Delayed Price · Currency is GBP · Price in GBX Ibstock Earnings Call Transcripts
Fiscal Year 2025
-
Revenue rose 2% to £372 million, but EBITDA fell 10% amid inflation and weaker H2 demand. Major CapEx projects are complete, cost actions taken, and new product innovation positions the business for recovery, though near-term demand remains subdued.
-
H1 2025 saw strong volume growth, especially in new build residential, but margins were pressured by higher costs and competitive pricing. Outlook for H2 is positive, with EBITDA expected to improve and strategic investments in capacity, innovation, and sustainability supporting medium-term growth targets.
Fiscal Year 2024
-
2024 saw resilient margins and improved demand in H2, despite a 10% revenue drop and lower volumes. Strategic investments in innovation and sustainability are nearing completion, with market recovery and volume growth expected in 2025.
-
First-half 2024 saw a 20% revenue drop and 40% lower Adjusted EBITDA, but margins held up due to disciplined pricing and cost control. Major investments in capacity and sustainability are complete, positioning the business for a strong recovery as market conditions improve.