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05/08/2016

Ibstock Reports 'Robust' Interim Results

Brick manufacturer Ibstock has reported a "robust" trading performance its in its interim results for the six months ended June 2016.

The company revealed revenue had grown 3.3% from £203.4 million in 2015 to £210 million this year.

In addition, Ibstock reported a rise in adjusted earnings to £55.6m from £51.8m last year.

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Chief Executive Officer Wayne Sheppard said while the EU Referendum had added "uncertainty" to its future outlook, it was still too early to judge the results full impact.

"It is reassuring however that, to date, current trading continues at normal seasonal levels," he said.

"Contingency plans will enable us to balance production with sales volumes in the remainder of the year as necessary.

"Our businesses are well prepared for the challenges and opportunities that our markets may present and we look to the future with confidence."

(LM/CD)

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