Business
Cairn Homes Plc: 2025 AGM Trading Update
Cairn Homes Plc: 2025 AGM Trading Update.
About this update from Cairn Homes Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nCairn Homes Plc (CRN)\n\n\n\n\n\n\nCairn Homes Plc: 2025 AGM Trading Update 08-May-2025 / 07:00 GMT/BST\n\n\n \n\n \n\n2025 AGM Trading Update\n\n \n\nDublin / London, 8 May 2025: Cairn Homes plc (‘Cairn’, ‘the Company’ or ‘the Group’) (Euronext Dublin: C5H / LSE: CRN) is holding our Annual General Meeting (‘AGM’) today at 12.00 noon at The Merrion Hotel, Merrion Street Upper, Dublin 2 and in advance provides the following update on current trading for FY25.\n\n \n\nCurrent Trading\n\n \n\nReflecting a very positive trading environment, 2025 to date has seen continued scaling of our operating platform and increased investment in our growing number of active sites throughout Ireland.\n Ireland’s newly formed Government has been very clear in its ambition to almost double housing output. Initiatives, policies and supportive capital for both housing and infrastructure are available to assist these growth objectives. Cairn’s established market leading position will allow us to respond to this challenge. \n As evidenced by this positive backdrop, our closed and forward sales pipeline now stands at c.3,250 new homes with a net sales value of c.€1.25 billion (26 February 2025: 2,593 closed and forward sales with a net sales value of €989 million).\n A focus on our core first time buyer market will result in increased H1 WIP investment and a higher proportion of our FY25 revenue in H2. We are progressing a number of new forward sale and forward fund1 transactions with our State partners. This demand across our multiple tenures will result in our closed and forward sales pipeline continuing to grow throughout the year.\n Build cost inflation is currently running below our FY25 expected level of c.2%. While we are mindful of the potential impact of changes in global trade policies, we are not witnessing any adverse effect on our business at present. \n Recently recognised by our peers at the Ir...