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An announcement from Cairn Homes ( (GB:CRN) ) is now available.
Cairn Homes reported a strong performance for the year ending December 31, 2024, with a 30% increase in housing output and surpassing its guidance with 2,243 closed units, €150 million operating profit, and a 15.1% return on equity. The company has significantly invested in construction activities, increasing its forward order book and maintaining efficient operations with reduced costs. Cairn Homes plans to continue its growth in 2025, focusing on affordable housing, supported by a positive economic backdrop, and aims to increase its sales to first-time buyers through new launches and strategic investments.
More about Cairn Homes
Cairn Homes plc is an Irish homebuilder focused on constructing high-quality, competitively priced, sustainable new homes and communities, primarily in the Greater Dublin Area. The company emphasizes customer satisfaction throughout the home-buying process and owns a significant landbank across 39 residential development sites.
YTD Price Performance: -9.61%
Average Trading Volume: 948,142
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.16B
For detailed information about CRN stock, go to TipRanks’ Stock Analysis page.
