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Jan 20 2026, 07:10 GMT
Cairn Homes
Strong FY25 numbers on the back of ‘extraordinary’ demand
- Sectors : Construction and Housebuilding
- Companies : Cairn Homes
DAVY VIEW
Cairn Homes’ FY25 results are above guidance and will be c.2.4% ahead of our expectations at an operating level. FY26 guidance has been reiterated, while increased capacity suggests upside to FY27 volumes. Net debt at c.€172m is c.€40m ahead of our expectations, and the order book has increased by over 25% year-on-year (yoy).
