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Building products manufacturer Ibstock Plc has released a trading update for the period from January 1 to April 30, ahead of its Annual General Meeting (AGM).
The group reports that overall group revenues were down approximately 10% for the first 4 months of the year on a like-for-like basis, with annual price increases implemented at the beginning of February.
Domestic brick market volumes were down 11% in the first quarter with relatively weak volumes for its concrete products linked to the private residential and RMI markets. However, against this backdrop, the Group maintained brick market share in Q1 in line with 2025, despite a slower start in Concrete.
Joe Hudson, chief executive officer, commented: “Following challenging market conditions in the early months of 2026, including a very wet start to the year, we have seen a promising improvement in sales volumes in our clay business, with the Group successfully maintaining market share.
“Whilst we are mindful of the potential impact of the Middle East conflict, the Board believes recent activity levels support the Group’s capability to deliver a full year outturn broadly in line with current market consensus expectations. Further, with a well invested, lower-cost, more efficient and sustainable manufacturing network, Ibstock is well positioned to deliver growth in the medium term.”
