ibstock plc said wednesday that pretax profit rose in 2022 on higher revenue given robust demand across its end markets and backed its outlook for the year ahead the uk manufacturer of pvc products made a pretax profit of 1048 million pounds 1242 million for the year ended dec 31 from gbp649 million in 2021 revenue rose to gbp5129 million from gbp4087 million in the yearprior period adjusted earnings before interest taxes depreciation and amortization came in ahead of expectations at gbp140 million up from gbp103 million the company declared a final dividend of 55 pence a share bringing the total dividend to 88 pence up from 75 pence in 2021 ibstock noted that its balance sheet remains strong which should enable it to invest further for growth and return additional capital to shareholders over the medium term performance in the early weeks of 2023 has continued to show signs of market caution as seen in the fourth quarter of 2022 the company said however the board has left expectations for the year ahead unchanged it said activity in the early weeks of 2023 has continued to reflect the more subdued demand environment experienced towards the end of last year although we anticipate this to improve as the year progresses with the strong strategic platform we now have in place i am confident both in our ability to respond effectively to conditions this year and to achieve significant growth over the medium term chief executive joe hudson said the company hasnt provided any forecasts for this year however revenue consensus is gbp4904 million taken from factset and based on 10 analysts forecasts adjusted ebitda is forecast to be gbp1111 million also taken from factset and based on four analysts estimates