Cairn Homes

Cairn Homes PLC
Company typePublic limited company
IndustryConstruction and Real Estate Development
Founded12 November 2014 (IPO 10 June 2015)
HeadquartersDublin, Ireland
Key people
Michael Stanley, CEO[1]
Alan McIntosh, Founder
ProductsResidential houses and apartments
Revenue€617.4 million (2022)
Websitewww.cairnhomes.com

Cairn Homes is an Irish house-builder and developer focusing on the Greater Dublin Area and other major urban areas of Ireland. The company is listed on Euronext Dublin and is a constituent member of the ISEQ 20 with a market capitalisation of €972m as of 20 February 2020.[2][3]

The company also has a secondary listing on the London stock exchange.[4]

The company completed the sale of 1,080 residential units, in 2019 making it the largest residential construction company in Ireland by number of units completed.[2][5]

In June 2024, the company launched its first development outside of the Dublin area in Douglas, Cork.[6]

History

Financial Performance

Year 2016[7] 2017[8] 2018[9] 2019[10] 2020[11] 2021[12] 2022[13] 2023[14]
Currency € € € € € € € €
Revenue
in millions 		Increase 40.9 Increase 149.5 Increase 337.0 Increase 453.3 Decrease 262.0 Increase 424.0 Increase 617.4 Increase 665.0
Gross Profit
in millions 		Increase 7.1 Increase 27.1 Increase 69.1 Increase 85.3 Decrease 42.7 Increase 83.9 Increase 134.2 Increase 146.97
Operating Profit
in millions 		Increase 2.3 Increase 14.5 Increase 53.2 Increase 68.0 Decrease 24.4 Increase 58.4 Increase 103.0 Increase 113.4
Unit Sales Completed Increase 105 Increase 418 Increase 804 Increase 1,080 Decrease 743 Increase 1,120 Increase 1,526 Increase 1,741

References

  1. ^ "Cairn Homes - Who We Are". www.cairnhomes.com. 20 February 2020. Retrieved 20 February 2020.
  2. ^ a b "Cairn Homes revenue and profit rises as average selling price jumps". www.cityam.com. 3 March 2020. Retrieved 11 March 2020.
  3. ^ Williams, Aime (5 January 2018). "Strong demand in Dublin boosts housebuilder Cairn Homes". Financial Times. Retrieved 18 June 2020.
  4. ^ "Housebuilder Cairn Homes raises over €400m in LSE debut". www.irishtimes.com. 10 June 2015. Retrieved 11 March 2020.
  5. ^ "Profits jump 28pc at Cairn Homes as average selling price increases". www.independent.ie. 3 March 2020. Retrieved 11 March 2020.
  6. ^ "Cairn Homes launching first Cork development". 2024-06-20. {{cite journal}}: Cite journal requires |journal= (help)
  7. ^ "2016 AR" (PDF). cairnhomes.com. Retrieved 18 June 2020.
  8. ^ "2017 AR". cairnhomes.com. Retrieved 18 June 2020.
  9. ^ "2018 AR". cairnhomes.com. Retrieved 18 June 2020.
  10. ^ "2019 AR". cairnhomes.com. Retrieved 18 June 2020.
  11. ^ "Release of our 2020 Annual Report". Cairn Homes. Retrieved 26 August 2021.
  12. ^ "Annual Report 2021" (PDF). www.cairnhomes.com. Retrieved 12 July 2023.
  13. ^ "Annual Report 2022" (PDF). Retrieved 12 July 2023.
  14. ^ "Trading Update" (PDF). www.cairnhomes.com. Retrieved 16 January 2024.
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