Cairn Homes (CDI) (CRN)

Sector:

Household Goods

108.40p
   
  • Change Today:
      1.00p
  • 52 Week High: 109.20p
  • 52 Week Low: 77.70p
  • Currency: UK Pounds
  • Shares Issued: 747.45m
  • Volume: 944,807
  • Market Cap: £810.23m
  • RiskGrade: 208

Cairn Homes profits rise amid 'strong' demand

By Michele Maatouk

Date: Tuesday 03 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Irish housebuilder Cairn Homes posted a rise in annual profit on Tuesday as sales and average selling prices increased amid "strong" demand.
In the year to 31 December 2019, operating profit pushed up 28% to €68m on revenue of €435.3m, up 29% on the year. The dividend per share was maintained at 5.25 cents.

The company highlighted 1,080 closed sales for the year, with an average selling price of €372,000. This compared to 804 closed sales in 2018 and an average selling price of €366,000.

Cairn said it had seen a "positive" start to the Spring 2020 selling season, with strong levels of demand across its selling sites. It expects to achieve 1,250 to 1,300 sales completions in 2020 and is targeting a gross margin of around 20%

Co-founder and chief executive officer Michael Stanley said: "As Ireland's most active homebuilder, 2019 has proved to be another very successful year for Cairn with strong growth in revenues. In just over four years, 3,250 customers have chosen a Cairn home reflecting the strong demand for high-quality, competitively priced new homes in places where communities can prosper.

"This momentum has carried through to 2020. We confidently expect to continue our growth trajectory and this is reflected in the increased medium term guidance indicated today."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CRN Market Data

Currency UK Pounds
Share Price 108.40p
Change Today 1.00p
% Change 0.93 %
52 Week High 109.20p
52 Week Low 77.70p
Volume 944,807
Shares Issued 747.45m
Market Cap £810.23m
RiskGrade 208

CRN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.90% above the market average11.90% above the market average11.90% above the market average11.90% above the market average11.90% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
40.85% below the market average40.85% below the market average40.85% below the market average40.85% below the market average40.85% below the market average
35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average
Income Not Available
Growth
24.57% below the market average24.57% below the market average24.57% below the market average24.57% below the market average24.57% below the market average
28% below the sector average28% below the sector average28% below the sector average28% below the sector average28% below the sector average

CRN Dividends

  Latest Previous
  Interim Interim
Ex-Div 16-Sep-21 19-Sep-19
Paid 08-Oct-21 18-Oct-19
Amount 2.66¢ 2.50¢

Trades for 21-Jan-2022

Time Volume / Share Price
16:35 7,397 @ 108.40p
16:27 284 @ 108.20p
16:27 1,611 @ 108.40p
16:27 284 @ 108.40p
16:27 1,465 @ 108.40p

CRN Key Personnel

CEO Michael Stanley

Top of Page