Cairn Homes (LSE:CRN) reaffirmed its FY26 guidance and said its closed and forward order book now stands at c.3,850 new homes, with a net sales value of €1.5 billion, up c.400 since it reported FY25 results on 4 March.
The Group said this continued momentum, supported by prior-year investment in operational scaling, will deliver a strong H1 outturn and underpin full-year growth and that further spring launches are planned, primarily targeted at First Time Buyer customers alongside a pipeline of apartments for state partners and private buyers supported by the Croí Cónaithe (Cities) Scheme.
Cairn reaffirmed its FY26 guidance of revenue of c.€1.05–€1.08 billion, operating profit of c.€180–€185 million and ROE of c.16.5%.
The company said ongoing geopolitical volatility has pushed build cost inflation to c.2.5% year to date and added that, "we do not expect there to be a material impact on our full year outlook", the Group said, while remaining alert to further inflationary pressures from the Middle East conflict.
Cairn noted the founder of the Passive House Institute attended certification of three large Passive House apartment developments in Dublin and that the first 600 Passive House apartments have now been delivered to the Land Development Agency and AHB partners, which it said will substantially reduce tenants' utility bills.
The Company confirmed it is positioned to deliver c.6,000 new homes between this year and next, including c.3,200 homes in 2027.
