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 interim revenue and profits surge

By Iain Gilbert

Date: Tuesday 26 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Irish homebuilder Cairn Homes said on Thursday that both interim revenue and profits had surged in the six months ended 30 June.
Cairn Homes posted a 61% year-on-year rise in revenues to €130.6m in the period, with gross profits up 86% at €24.2m and operating profits up 102% at €11.7m

Gross margins were up 240 basis points at 18.5% and operating margins were 180% basis points higher at 8.9%.

The London-listed firm also posted earnings per share of 0.85 cents, a marked improvement on the 0.16 cents per share reported at the same time a year earlier.

Net asset value per share was broadly flat at €1.01, while total equity was up €8.6m at €759.2m and net debt was 18.9% lower at €149.4m.

Cairn also stated it was recommencing its annual ordinary dividend programme and declared an interim dividend of 2.66 cents per ordinary share.

Chief executive Michael Stanley said: "Cairn has never been better positioned to play a leading role in the recovery of the housing market in Ireland. We have grown our order book from €214 million in January to a current high for our business of €655m and we will deliver 2,550 quality-built family homes between this year and next.

"We will continue to leverage our scale and capabilities to deliver competitively priced starter homes for first-time buyers. As we report today, our average selling price for these starter homes has remained largely unchanged at €371,000, including VAT."

As of 0950 BST, Cairn shares were down 0.15% at 96.85p

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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

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