Cairn Homes

Cairn Homes reported first-half revenue up 60% to €455.5m and operating profit up 75% to €74.8m. The company lifted its 2026 guidance to around €1.08bn in revenue, about €185m in operating profit and a 17% return on equity. Cairn announced a 10% higher interim dividend, a €50m share buyback program and an order book of 5,020 units worth €1.9bn. The stock rose sharply pre-market, supported by stronger cash generation, improved margins and positive market demand in Ireland. » Mere på de.investing.com

Cairn Homes has launched a share buyback programme of up to €50 million and has appointed Goodbody Stockbrokers and Deutsche Bank to repurchase shares on its behalf. The programme started immediately, may run until 1 September 2027 depending on market conditions, and initially covers a maximum of 94,350,379 ordinary shares. Repurchases may be made on Euronext Dublin or the London Stock Exchange, the repurchased shares are intended to be cancelled, and transactions will be conducted in accordance with EU rules and stock exchange laws. » Mere på de.investing.com

Cairn Homes reports revenue of around €450m for the six months to 30 June from the sale of about 1,130 homes, an increase of 60% year on year. The order book grew to around 4,800 new homes with a net sales value of €1.8bn, and since April sales have averaged 100 units per week. The company started development on five new sites and now operates at 26 sites in Dublin, Cork and Galway. Cairn confirms its 2026 guidance and announces an interim dividend of about 4.5 cent per ordinary share, as well as a planned 35% increase in new-build output (approx. 6,000 homes) for 2026/27. » Mere på de.investing.com