Cairn Homes
| Company type | Public limited company |
|---|---|
| |
| Industry | Construction and Real Estate Development |
| Founded | 12 November 2014 (IPO 10 June 2015) |
| Headquarters | Dublin, Ireland |
Key people | Michael Stanley, CEO[1] Alan McIntosh, Founder |
| Products | Residential houses and apartments |
| Revenue | €860.0 million (2024) |
| Website | www |
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 €1.302 as of 3 July 2025.[2][3][4] The company also has a secondary listing on the London stock exchange.[5]
In June 2024, the company launched its first development outside of the Dublin area in Douglas, Cork.[6]
The company completed the sale of 2,241 residential units in 2024, commenced over 4,100 units, had 10 new site commencements, and had 21 active sites at the end of 2024.[7]
History
The company has marginally increased its financial and operational performance each year since it was founded with the exception of 2020 due to the effects of COVID-19 lockdowns.
Financial performance
| Year | 2016[8] | 2017[9] | 2018[10] | 2019[11] | 2020[12] | 2021[13] | 2022[14] | 2023[15] | 2024[7][16] |
|---|---|---|---|---|---|---|---|---|---|
| Currency | € | € | € | € | € | € | € | € | € |
| Revenue in millions |
40.9 | 149.5 | 337.0 | 453.3 | 262.0 | 424.0 | 617.4 | 665.0 | 860.0 |
| Gross Profit in millions |
7.1 | 27.1 | 69.1 | 85.3 | 42.7 | 83.9 | 134.2 | 146.97 | 187.0 |
| Operating Profit in millions |
2.3 | 14.5 | 53.2 | 68.0 | 24.4 | 58.4 | 103.0 | 113.4 | 150.0 |
| Unit Sales Completed | 105 | 418 | 804 | 1,080 | 743 | 1,120 | 1,526 | 1,741 | 2,243 |
2024 Results
In 2024, the Company had a return on equity of 15.1% and an €8.2 cent dividend per share.[7] Operating profit increased by 32% as compared to 2023.[16] Revenue increased by 29% compared to 2023.[7] Earnings per share for 2024 was €17.9 cents.[7] The Company generated €134.7 million in operating cash flow.[7]
References
- ^ "Cairn Homes - Who We Are". www.cairnhomes.com. 20 February 2020. Retrieved 20 February 2020.
- ^ "Cairn Homes revenue and profit rises as average selling price jumps". www.cityam.com. 3 March 2020. Retrieved 11 March 2020.
- ^ Williams, Aime (5 January 2018). "Strong demand in Dublin boosts housebuilder Cairn Homes". Financial Times. Retrieved 18 June 2020.
- ^ "CAIRN HOMES PLC | IE00BWY4ZF18 | Euronext exchange Live quotes". live.euronext.com. Retrieved 2025-07-03.
- ^ "Housebuilder Cairn Homes raises over €400m in LSE debut". www.irishtimes.com. 10 June 2015. Retrieved 11 March 2020.
- ^ "Cairn Homes launching first Cork development". 2024-06-20.
{{cite journal}}: Cite journal requires|journal=(help) - ^ a b c d e f "Cairn Homes 2024 Annual Report" (PDF). Cairn Homes Investor Relations. Cairn Homes. 14 March 2025. Retrieved 3 July 2025.
- ^ "2016 AR" (PDF). cairnhomes.com. Retrieved 18 June 2020.
- ^ "2017 AR". cairnhomes.com. Retrieved 18 June 2020.
- ^ "2018 AR". cairnhomes.com. Retrieved 18 June 2020.
- ^ "2019 AR". cairnhomes.com. Retrieved 18 June 2020.
- ^ "Release of our 2020 Annual Report". Cairn Homes. Retrieved 26 August 2021.
- ^ "Annual Report 2021" (PDF). www.cairnhomes.com. Retrieved 12 July 2023.
- ^ "Annual Report 2022" (PDF). Retrieved 12 July 2023.
- ^ "Trading Update" (PDF). www.cairnhomes.com. Retrieved 16 January 2024.
- ^ a b "Cairn Homes increases revenues and profits despite fall in average unit price". The Irish Times. Retrieved 2025-01-14.