Cairn Homes (CDI) (CRN)

Sector:

Household Goods

127.00p
   
  • Change Today:
      0.80p
  • 52 Week High: 128.60
  • 52 Week Low: 82.20
  • Currency: UK Pounds
  • Shares Issued: 648.66m
  • Volume: 157,300
  • Market Cap: £823.80m
  • 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."

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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 127.00p
Change Today 0.80p
% Change 0.63 %
52 Week High 128.60
52 Week Low 82.20
Volume 157,300
Shares Issued 648.66m
Market Cap £823.80m
RiskGrade 208

CRN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.88% above the market average12.88% above the market average12.88% above the market average12.88% above the market average12.88% above the market average
13.04% below the sector average13.04% below the sector average13.04% below the sector average13.04% below the sector average13.04% below the sector average
Price Trend
35.26% below the market average35.26% below the market average35.26% below the market average35.26% below the market average35.26% below the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Growth
28.82% below the market average28.82% below the market average28.82% below the market average28.82% below the market average28.82% 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
  Interim Final
Ex-Div 14-Sep-23 20-Apr-23
Paid 06-Oct-23 16-May-23
Amount 3.10¢ 3.10¢

Trades for 27-Feb-2024

Time Volume / Share Price
13:11 2,000 @ 127.11p
12:59 7,276 @ 127.00p
12:59 2,756 @ 127.00p
12:59 5,066 @ 127.00p
12:59 2,756 @ 127.00p

CRN Key Personnel

CEO Michael Stanley

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