8th May 2025 10:33
(Alliance News) - Cairn Homes PLC said in a statement ahead of its annual general meeting on Thursday that 2025 trading to date has reflected a "very positive" trading environment, as the firm eyes double-digit revenue growth for the full year.
The Dublin-based housebuilder said its closed and forward sales pipeline now stands at around 3,250 new homes, up 25% on-year from 2,593, with a net sales value of around EUR1.25 billion, 26% higher than EUR989 million a year prior.
Cairn said it was "confident" in delivering revenue growth in excess of 10% during 2025, as well as operating profit of around EUR160 million. This would be up 6.7% from EUR150.0 million in 2024.
"We've experienced sustained, positive momentum since the start of the year, as evidenced by the growth in our order book to over 3,000 new homes," said Chief Executive Officer Michael Stanley.
"This is our 10th year in business and my colleagues and I are genuinely proud that over 30,000 people now live in a Cairn built home. As we embark on our second decade, our commitment to scale our delivery of high quality, energy efficient homes, in line with our core values, is stronger than ever.”
Cairn will release a half-year trading update in July, ahead of its interim results release on September 30.
Shares in Cairn Homes were up 1.4% at 171.00 pence each in London on Thursday morning. The stock has risen 23% over the past year.
By Emily Parsons, Alliance News reporter
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