Cairn Homes

{{Infobox company

| name = Cairn Homes PLC

| logo =

| type = Public limited company

| traded_as = {{Unbulleted list|{{EuronextDublin|C5H|IE00BWY4ZF18}}|{{LSE|CRN}}|ISEQ 20 component}}

| foundation = 12 November 2014 (IPO 10 June 2015)

| location = Dublin, Ireland

| key_people = Michael Stanley, CEO{{cite web

| title =Cairn Homes - Who We Are

| url =https://www.cairnhomes.com/about-us/

| website =www.cairnhomes.com

| date =20 February 2020

| access-date =20 February 2020 }}
Alan McIntosh, Founder

| num_employees =

| industry = Construction and Real Estate Development

| products = Residential houses and apartments

| revenue = €860.0 million (2024)

| operating_income =

| net_income =

| homepage = {{URL|https://www.cairnhomes.com}}

}}

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.{{cite web

| title =Cairn Homes revenue and profit rises as average selling price jumps

| url =https://www.cityam.com/cairn-homes-revenue-and-profit-rises-as-average-selling-price-jumps/

| website =www.cityam.com

| date =3 March 2020

| access-date =11 March 2020 }}{{cite news |last1=Williams |first1=Aime |title=Strong demand in Dublin boosts housebuilder Cairn Homes |url=https://www.ft.com/content/db86e9e2-f20e-11e7-ac08-07c3086a2625 |newspaper=Financial Times |date=5 January 2018 |accessdate=18 June 2020}}

The company also has a secondary listing on the London stock exchange.{{cite web |date=10 June 2015 |title=Housebuilder Cairn Homes raises over €400m in LSE debut |url=https://www.irishtimes.com/business/commercial-property/housebuilder-cairn-homes-raises-over-400m-in-lse-debut-1.2244045?mode=sample&auth-failed=1&pw-origin=https%3A%2F%2Fwww.irishtimes.com%2Fbusiness%2Fcommercial-property%2Fhousebuilder-cairn-homes-raises-over-400m-in-lse-debut-1.2244045 |access-date=11 March 2020 |website=www.irishtimes.com}}

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.{{cite web

| title =Profits jump 28pc at Cairn Homes as average selling price increases

| url =https://www.independent.ie/business/commercial-property/profits-jump-28pc-at-cairn-homes-as-average-selling-price-increases-39009106.html

| website =www.independent.ie

| date =3 March 2020

| access-date =11 March 2020 }}

In June 2024, the company launched its first development outside of the Dublin area in Douglas, Cork.{{Cite journal |date=2024-06-20 |title=Cairn Homes launching first Cork development |url=https://www.rte.ie/news/business/2024/0620/1455671-cairn-homes-launches-first-cork-development/ |language=en}}

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 =

class="wikitable float-left" style="text-align: right;" \|+ !Year !2016{{cite web\|title=2016 AR\|url=https://www.cairnhomes.com/f/42974/x/a92773f43a/cairn-homes-plc-annual-report-2016-hyperlinks.pdf\|website=cairnhomes.com\|accessdate=18 June 2020}} !2017{{cite web\|title=2017 AR\|url=http://print.cairnhomes.com/annual-report/#/\|website=cairnhomes.com\|accessdate=18 June 2020}} !2018{{cite web\|title=2018 AR\|url=http://print.cairnhomes.com/cairn-annual-report-2018/#/\|website=cairnhomes.com\|accessdate=18 June 2020}} !2019{{cite web\|title=2019 AR\|url=http://print.cairnhomes.com/cairn-homes-plc-annual-report-2019/#/\|website=cairnhomes.com\|accessdate=18 June 2020}} !2020{{cite web\|title=Release of our 2020 Annual Report\|url=https://www.cairnhomes.com/news/release-of-our-2020-annual-report/\|access-date=26 August 2021\|website=Cairn Homes\|language=en}} !2021{{cite web \|title=Annual Report 2021 \|url=https://www.cairnhomes.com/media/q51ddkgo/cairnhomes_ar2021.pdf \|website=www.cairnhomes.com \|access-date=12 July 2023}} !2022{{cite web \|title=Annual Report 2022 \|url=https://www.cairnhomes.com/media/tnsbhrws/cairn-annual-report-2022.pdf \|access-date=12 July 2023}} !2023{{cite web \|title=Trading Update \|url=https://www.cairnhomes.com/media/b4vixuxm/cairn-homes-plc-fy23-trading-update-16-janaury-2024.pdf \|website=www.cairnhomes.com \|access-date=16 January 2024}} !2024{{Cite news \|title=Cairn Homes increases revenues and profits despite fall in average unit price \|url=https://www.irishtimes.com/business/2025/01/14/cairn-homes-increases-revenues-and-profits-despite-fall-in-average-unit-price/ \|access-date=2025-01-14 \|newspaper=The Irish Times \|language=en}}
Currency !€ !€ !€ !€ !€ !€ !€ !€ !€
Revenue in millions \|{{increase}} 40.9 \|{{increase}} 149.5 \|{{increase}} 337.0 \|{{increase}} 453.3 \|{{decrease}} 262.0 \|{{increase}} 424.0 \|{{increase}} 617.4 \|{{increase}} 665.0 \|{{increase}} 860.0
Gross Profit in millions \|{{increase}} 7.1 \|{{increase}} 27.1 \|{{increase}} 69.1 \|{{increase}} 85.3 \|{{decrease}} 42.7 \|{{increase}} 83.9 \|{{increase}} 134.2 \|{{increase}} 146.97 \|{{increase}}
Operating Profit in millions \|{{increase}} 2.3 \|{{increase}} 14.5 \|{{increase}} 53.2 \|{{increase}} 68.0 \|{{decrease}} 24.4 \|{{increase}} 58.4 \|{{increase}} 103.0 \|{{increase}} 113.4 \|{{increase}} 160.0
Unit Sales Completed \|{{increase}} 105 \|{{increase}} 418 \|{{increase}} 804 \|{{increase}} 1,080 \|{{decrease}} 743 \|{{increase}} 1,120 \|{{increase}} 1,526 \|{{increase}} 1,741 \|{{increase}} 2,243

class="wikitable float-left" style="text-align: right;"

!Year

!2016{{cite web|title=2016 AR|url=https://www.cairnhomes.com/f/42974/x/a92773f43a/cairn-homes-plc-annual-report-2016-hyperlinks.pdf|website=cairnhomes.com|accessdate=18 June 2020}}

!2017{{cite web|title=2017 AR|url=http://print.cairnhomes.com/annual-report/#/|website=cairnhomes.com|accessdate=18 June 2020}}

!2018{{cite web|title=2018 AR|url=http://print.cairnhomes.com/cairn-annual-report-2018/#/|website=cairnhomes.com|accessdate=18 June 2020}}

!2019{{cite web|title=2019 AR|url=http://print.cairnhomes.com/cairn-homes-plc-annual-report-2019/#/|website=cairnhomes.com|accessdate=18 June 2020}}

!2020{{cite web|title=Release of our 2020 Annual Report|url=https://www.cairnhomes.com/news/release-of-our-2020-annual-report/|access-date=26 August 2021|website=Cairn Homes|language=en}}

!2021{{cite web |title=Annual Report 2021 |url=https://www.cairnhomes.com/media/q51ddkgo/cairnhomes_ar2021.pdf |website=www.cairnhomes.com |access-date=12 July 2023}}

!2022{{cite web |title=Annual Report 2022 |url=https://www.cairnhomes.com/media/tnsbhrws/cairn-annual-report-2022.pdf |access-date=12 July 2023}}

!2023{{cite web |title=Trading Update |url=https://www.cairnhomes.com/media/b4vixuxm/cairn-homes-plc-fy23-trading-update-16-janaury-2024.pdf |website=www.cairnhomes.com |access-date=16 January 2024}}

!2024{{Cite news |title=Cairn Homes increases revenues and profits despite fall in average unit price |url=https://www.irishtimes.com/business/2025/01/14/cairn-homes-increases-revenues-and-profits-despite-fall-in-average-unit-price/ |access-date=2025-01-14 |newspaper=The Irish Times |language=en}}

Currency

!€

Revenue
in millions

|{{increase}} 40.9

|{{increase}} 149.5

|{{increase}} 337.0

|{{increase}} 453.3

|{{decrease}} 262.0

|{{increase}} 424.0

|{{increase}} 617.4

|{{increase}} 665.0

|{{increase}} 860.0

Gross Profit
in millions

|{{increase}} 7.1

|{{increase}} 27.1

|{{increase}} 69.1

|{{increase}} 85.3

|{{decrease}} 42.7

|{{increase}} 83.9

|{{increase}} 134.2

|{{increase}} 146.97

|{{increase}}

Operating Profit
in millions

|{{increase}} 2.3

|{{increase}} 14.5

|{{increase}} 53.2

|{{increase}} 68.0

|{{decrease}} 24.4

|{{increase}} 58.4

|{{increase}} 103.0

|{{increase}} 113.4

|{{increase}} 160.0

Unit Sales Completed

|{{increase}} 105

|{{increase}} 418

|{{increase}} 804

|{{increase}} 1,080

|{{decrease}} 743

|{{increase}} 1,120

|{{increase}} 1,526

|{{increase}} 1,741

|{{increase}} 2,243

References

External links

{{official|https://www.cairnhomes.com}}

Category:Irish companies established in 2015

Category:Companies listed on Euronext Dublin

Category:Companies listed on the London Stock Exchange

Category:Companies in the ISEQ 20

Category:Companies based in Dublin (city)

Category:Property companies of Ireland