GLENVEAGH PROP. EO -,001 Aktie

Glenveagh reports a record order book of EUR 1.8bn and raises its EPS guidance for 2026 to at least EUR 0.21. Revenue in the first half fell to EUR 240m because completions were deliberately pushed into the second half, while every house planned for 2026 is already sold, contractually committed or reserved. Gross margin fell to 15.5% due to a higher share of lower‑margin partnership businesses, but management expects around 2,900 completions and a material reduction in net debt by year‑end. Remaining risks include high operating cash outflow, possible delays in completions and margin pressure from cost inflation and skills shortages. » Mais em de.investing.com

Glenveagh shareholders passed a new remuneration policy and a special option plan for the CEO at the general meeting, despite 28% and 35% voting against the respective resolutions. After feedback from major shareholders, the remuneration committee raised exercise prices and tightened the shareholding requirement in the final proposal. The board intends to continue dialogue with shareholders and to publish an update on the shareholder engagement under the UK Corporate Governance Code within six months. » Mais em de.investing.com

Glenveagh delivered 2,568 units in 2025 (+11%) and achieved a record revenue of €926m, with group gross margin rising to 21.4%. The partnership business made a significant contribution: revenue increased from €238m to €381m, and gross profit multiplied to €69.3m. Net debt fell to €168m, EBITDA rose to €147.7m and profit after tax to €107.6m. Glenveagh has a landbank for 19,000 units and expects around 1,600 deliveries in 2026 and EPS of up to 21.0 cents, with further growth potential in the partnership and build-to-rent businesses. » Mais em de.investing.com