Full Year 2024 Ibstock PLC Earnings Call Transcript

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Mar 05, 2025

Mar 05, 2025 / 10:30AM GMT
Joe Hudson - Ibstock PLC - Chief Executive Officer, Executive Director

Right, well, good morning and welcome to the 2024 full year results presentation for Ibstock PLC. With me as usual today is our CFO Chris McLeish. So let's start with the agenda. After my initial overview, Chris will walk us through the financials and cover divisional performance, after which I will provide a market update and talk about the strategic progress we have made over the course of 2024. Having covered the outlook, Chris and I would be very happy to, as usual, answer all of your questions.

So turning first to the overview, I'm really pleased to say that we delivered a resilient performance in 2024 against a challenging backdrop with adjusted EBITDA in line with our expectations.

Demand improved progressively during the year with revenues in the second half of half of 2024 ahead of both the first half and the equivalent period in 2023. The effective management of pricing and volumes throughout the 2024 year enabled us to deliver resilient margins combined with share gains towards the latter part of the year.

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