Cairn Homes Explained

Cairn Homes PLC
Type:Public limited company
Foundation:12 November 2014 (IPO 10 June 2015)
Location:Dublin, Ireland
Key People:Michael Stanley, CEO[1]
Alan McIntosh, Founder
Industry:Construction and Real Estate Development
Products:Residential houses and apartments
Revenue:€617.4 million (2022)

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.[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		 40.9 149.5 337.0 453.3 262.0 424.0 617.4 665.0
Gross Profit
in millions		 7.1 27.1 69.1 85.3 42.7 83.9 134.2 146.97
Operating Profit
in millions		 2.3 14.5 53.2 68.0 24.4 58.4 103.0 113.4
Unit Sales Completed 105 418 804 1,080 743 1,120 1,526 1,741

Notes and References

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

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