Ibstock

IBST · Main Market · Construction and Materials · mcap £316m · 77.2p

Ibstock makes clay bricks, concrete products and brick slips (thin brick cladding) for UK housebuilders and builders. It is investing in lower-carbon and higher-tech products.

Target	Promise	Said	Status
2024
31 Dec 2024	2024 full-year EBITDA in line with expectations; H2 2024 EBITDA broadly in line with H2 2023.	25 Apr 2024	✓ Kept
	“we expect adjusted EBITDA for the second half of the 2024 year to be broadly in line with the comparative period in 2023” Also stated 7 Aug 2024 Result 2024 EBITDA of £79m was in line with guidance. “we expect adjusted EBITDA for the second half of the 2024 year to be broadly in line with the comparative period in 2023”7 Aug 2024 · Half-year Results “Adjusted EBITDA for 2024 is expected to be approximately £79 million, subject to audit, in line with the guidance provided at the half year.”16 Jan 2025 · Trading Update for the year ended 31 December 2024
31 Dec 2024	Positive H2 2024 cash flow and leverage falling from 2.0x towards top of target range.	7 Aug 2024	✓ Kept
	“We expect second half cash flow to be positive, with reported leverage reducing from 2.0x at 30 June 2024 towards the top end of our target range” Result Net debt fell to about £122m and leverage to 1.8x by year-end. 16 Jan 2025 · Trading Update for the year ended 31 December 2024