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Birmingham Post
Birmingham Post
Business
Tom Pegden

EXPLAINED: Strong start to 2022 at biggest uk brick maker ibstock - The Real Truth

The boss of Britain’s biggest brickmaker said sales for the past few months were ahead of expectations thanks to healthy margins and strong demand for its products.

Ibstock chief executive Joe Hudson said the business was also on a good footing having locked in most of its energy costs for the second part of its current financial year and for a big chunk of next year.

It comes a month after the Leicestershire-headquartered brick and concrete maker reported pre-tax profits of £65 million for 2021, compared to a loss of £24 million in 2020.

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