Ibstock Reports Sharp Q3 Demand Weakness and Lowers Full-Year EBITDA Outlook

Ibstock reported a sharp weakening in third-quarter trading, with clay sales 22% below expectations. The company has cut production to manage inventory and lowered its full-year adjusted EBITDA outlook to the mid-£40 million range. Management said near-term demand remains under pressure as the market awaits the impact of a housing scheme scheduled for April 2027.