Firm says trading has been improving since second half of last year

Revenue at brickmaker Ibstock fell 10% last year, the firm said in annual results announced this morning.

Income slipped to 拢366m with pre-tax profit also down, by 30% to 拢21m.

The firm said it took an exceptional charge of 拢11.7m which was related to a restructuring programme announced in late 2023 which include a 拢5m hit relating to restructuring costs at its glass fibre reinforced concrete business which it has decided to pull put of in the wake of a 拢3m trading loss last year.

ibstock site

The firm expects to sell more bricks this year after revenue fell 10% in 2024

But Ibstock said it expected overall market conditions to get better this year. It added: 鈥淭rading in the early weeks of 2025 has been solid, with sales volumes, as anticipated, ahead of the comparative period.鈥�

It added that a pick-up in demand had begun in the second half of last year with sales up 6% on the first half and 3% of the same period in 2023.

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