Cairn Homes (CDI) (CRN)

Sector:

Household Goods

144.40p
   
  • Change Today:
    -4.00p
  • 52 Week High: 151.20
  • 52 Week Low: 89.50
  • Currency: UK Pounds
  • Shares Issued: 645.88m
  • Volume: 176,995
  • Market Cap: £932.65m
  • 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 144.40p
Change Today -4.00p
% Change -2.70 %
52 Week High 151.20
52 Week Low 89.50
Volume 176,995
Shares Issued 645.88m
Market Cap £932.65m
RiskGrade 208

CRN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.15% above the market average12.15% above the market average12.15% above the market average12.15% above the market average12.15% above the market average
41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average
Price Trend
35.73% below the market average35.73% below the market average35.73% below the market average35.73% below the market average35.73% below the market average
76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Growth
29.09% below the market average29.09% below the market average29.09% below the market average29.09% below the market average29.09% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

CRN Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 14-Sep-23
Paid 17-May-24 06-Oct-23
Amount 3.20¢ 3.10¢

Trades for 28-May-2024

Time Volume / Share Price
16:35 52,044 @ 144.40p
16:35 1,246 @ 144.40p
16:35 14 @ 144.40p
16:35 743 @ 144.40p
16:35 256 @ 144.40p

CRN Key Personnel

CEO Michael Stanley
CFO Richard Ball

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