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Jan 20 2026, 10:39 GMT
Our revised Ibstock forecasts reflect what is likely to be another difficult year for the group. We now forecast that adjusted EBITDA for this year will be only modestly higher than the expected outcome for last year. The group’s continuing struggles capture the downside of an inherently high fixed cost operating model. Leverage, of course, works both ways and Ibstock should be well placed when volumes finally recover.
Jan 20 2026, 10:39 GMT