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Cairn Homes ( (GB:CRN) ) has issued an update.
Cairn Homes reported a strong performance in the first half of 2025, driven by robust first-time buyer sales and the launch of eight new schemes across Ireland. The company’s revenue reached approximately €280 million from around 700 units, and it has a multi-year order book of 3,700 new homes valued at €1.4 billion. Cairn also announced a redesignation of its loans to align with sustainable finance practices and completed a refinance of its US debt, enhancing its capital and liquidity position. The company is optimistic about exceeding its full-year revenue growth target of over 10% and achieving an operating profit of around €160 million, supported by a favorable market environment and government initiatives reducing apartment build costs.
More about Cairn Homes
Cairn Homes is an Irish homebuilder focused on creating high-quality, competitively priced, sustainable new homes and communities. The company prioritizes the homeowner in its design process and aims to provide excellent customer service throughout the home-buying journey. Cairn owns a landbank of approximately 15,300 units across 38 residential development sites, primarily located in the Greater Dublin Area with strong public transport and infrastructure links.
See more insights into CRN stock on TipRanks’ Stock Analysis page.