Share research

Ibstock (Q3 Update): downgrades profit guidance

Ibstock’s recovery hits a wall as economic and political uncertainty weighs on customer demand.
Ibstock share research

No recommendation - No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest.

Prices delayed by at least 15 minutes

Ibstock’s Clay and Concrete revenues have been weaker-than-expected in the third quarter, driven by an ‘uncertain near-term economic and political backdrop’ which has weighed on customer demand.

Net debt is now expected to be above previous group guidance, which had pointed to a ‘modest increase’ over the prior year’s level of £122mn.

Due to the softer market demand, sales volumes in the second half of the year are now expected to be in line with the first half. As a result, full-year underlying cash profit (EBITDA) guidance has been downgraded from between £77-82mn to around £72mn.

The shares fell 7.3% in early trading.

Our view

HL view to follow.

Ibstock key facts

All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.

This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.

Latest from Share research
Weekly Newsletter
Sign up for Share Insight. Get our Share research team’s key takeaways from the week’s news and articles direct to your inbox every Friday.
Written by
Aarin Chiekrie
Aarin Chiekrie
Equity Analyst

Aarin is a member of the Equity Research team. Alongside our other analysts, he provides regular research and analysis on individual companies and wider sectors. Having a keen interest in global economics, he knows how macro-events can impact individual companies.

Our content review process
The aim of Hargreaves Lansdown's financial content review process is to ensure accuracy, clarity, and comprehensiveness of all published materials
Article history
Published: 10th October 2025