Ibstock (IBST)

Sector:

Construction and Building Materials

Index:

FTSE 250

160.00p
   
  • Change Today:
    -2.40p
  • 52 Week High: 172.80
  • 52 Week Low: 120.90
  • Currency: UK Pounds
  • Shares Issued: 409.63m
  • Volume: 1,386,516
  • Market Cap: £655.41m

Ibstock profits fall as housing market cools

By Frank Prenesti

Date: Wednesday 02 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Building materials supplier Ibstock reported a fall in first-half earnings as the housing market cooled due to higher mortgage costs.
Pre-tax profit fell 42% to £30m, including an exceptional cost of around £11m from the potential closure of a clay site.

Revenue was down 14% to £223m, reflecting reduced activity levels in residential markets, although Ibstock said selling prices remained firm.

The interim dividend was lifted 3% to 3.4 pence per share.

"While recent macroeconomic events have introduced greater uncertainty into the outlook, we remain confident in our ability to respond to market conditions and the board's expectations for the full year are unchanged," the company said on Wednesday.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ibstock Market Data

Currency UK Pounds
Share Price 160.00p
Change Today -2.40p
% Change -1.48 %
52 Week High 172.80
52 Week Low 120.90
Volume 1,386,516
Shares Issued 409.63m
Market Cap £655.41m

Ibstock Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.59% below the market average0.59% below the market average0.59% below the market average0.59% below the market average0.59% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
21.07% above the market average21.07% above the market average21.07% above the market average21.07% above the market average21.07% above the market average
21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average
Income
21.01% above the market average21.01% above the market average21.01% above the market average21.01% above the market average21.01% above the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Growth
78.25% below the market average78.25% below the market average78.25% below the market average78.25% below the market average78.25% below the market average
80.49% below the sector average80.49% below the sector average80.49% below the sector average80.49% below the sector average80.49% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 6
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ibstock Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 24-Aug-23
Paid 31-May-24 15-Sep-23
Amount 3.60p 3.40p

Trades for 31-May-2024

Time Volume / Share Price
16:44 1,486 @ 160.00p
16:41 78,074 @ 160.00p
16:35 4,071 @ 160.00p
16:35 1 @ 160.00p
16:35 1,626 @ 160.00p

Ibstock Key Personnel

Chair Jonathan C Nicholls
CEO Joe Hudson
CFO Chris McLeish

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