Cairn Homes ( (GB:CRN) ) has issued an update.
Cairn Homes reported a robust financial performance for 2024, with a 29% increase in revenue to €859.9 million and a 41% rise in basic EPS to 17.9 cents. The company achieved a return on equity of 15.1% and invested significantly in strategic land acquisitions and construction activities, including over 4,100 new home commencements. Cairn’s focus on efficiency and sustainable construction has positioned it well in the market, with a strong order book and recognition for its green initiatives. The company expects continued growth in 2025, supported by favorable market conditions and government policies aimed at accelerating housing delivery.
More about Cairn Homes
Cairn Homes plc is an Irish homebuilder focused on constructing high-quality, competitively priced, and sustainable new homes and communities, primarily in the Greater Dublin Area. The company emphasizes customer service and designs homes with shared spaces to foster thriving communities. Cairn owns a landbank of approximately 16,150 units across 38 residential development sites.
YTD Price Performance: -7.75%
Average Trading Volume: 1,573,010
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.1B
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