Good to read the below today. With so much insecurity within building products and construction of late I thought I would shout about it.
From what I have read over the last month the residential market has largely been unaffected of late. With this being the chunk of Ibstocks market I am not really surprised at the below figures. It would be interesting to read some figures coming out of a refurb or commercial glazing manufacturer as a barometer.
Brick making giant Ibstock is reporting no dip in sales since the EU referendum vote. Sales in July were at a similar level to the same period in 2015. Wayne Sheppard, Chief Executive Officer of Ibstock said: “The EU Referendum result has added uncertainty to our outlook but, in advance of the important autumn period for new home sales, it remains too early to judge its full impact. “It is reassuring however that, to date, current trading continues at normal seasonal levels. “Contingency plans will enable us to balance production with sales volumes in the remainder of the year as necessary.” Ibstock reported a rise in adjusted earnings to £55.6m for the half year to June 30 from £51.8m last time as turnover ticked-up to £210m from £203.4m.