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
30 Jun 2024	Supply the UK's lowest carbon bricks to customers from the new factory in H1 2024.	17 Jan 2024	◐ Partly kept
	“this innovative new manufacturing facility will begin to supply the UK's lowest carbon bricks to customers during the first half of 2024.” Result Atlas was commissioning through 2024 and was not fully commissioned until later, so supply began slowly. 17 Oct 2024 · Third Quarter Trading Update
2025
2025	Commission the new Atlas brick factory from end-2023 and ramp up production, with full commissioning later.	25 Oct 2023	◐ Partly kept
	“We continue to expect our new Atlas factory to commission from the end of 2023” Also stated 6 Mar 2024 · 17 Oct 2024 Status so far Commissioning began on schedule, but full commissioning slipped to 2025. In October 2025 Atlas was still moving out of commissioning, with uplift expected in 2026. “Our Atlas pathfinder factory continues to make good progress, with reliability and quality advancing and multiple new products progressing well through final commissioning. As we move into 2026, out of commissioning and into production, we expect to see a good uplift in profitability at Atlas.”10 Oct 2025 · Third Quarter Trading Update
31 Dec 2025	Commission the larger Nostell phase two factory by end of 2025.	7 Aug 2024	◐ Partly kept
	“Phase 2, the construction of a larger ceramic facades systems factory, which remains on schedule for commissioning by year-end.” Also stated 5 Mar 2025 · 23 Apr 2025 Result Still commissioning in October 2025 and January 2026; completion was listed for 2026. “Nostell investment progressing through commissioning, with good progress on the construction of the UK's most advanced ceramic façade facility”5 Mar 2026 · Results for the year ended 31 December 2025 “The second phase, a larger scale innovative ceramics facades line, is progressing well. This new line will bring unrivalled flexibility and choice to the facades market when fully commissioned in 2026.”5 Mar 2026 · Results for the year ended 31 December 2025