Ireland · Delayed Price · Currency is EUR Glenveagh Properties Earnings Call Transcripts
Fiscal Year 2025
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Record revenue and completions were achieved, with strong margin expansion and significant capital returns. The business is well-positioned for future growth, supported by a robust land bank, scalable manufacturing, and a positive policy environment.
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First-half 2025 saw revenue surge 124% year-over-year, with margin expansion and strong profit growth driven by innovation, scale, and partnerships. Guidance for full-year EPS and unit delivery is reiterated, supported by a robust land bank and expanded buyback program.
Fiscal Year 2024
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Record 2024 results with 2,415 homes delivered, €869M revenue, and 21.2% gross margin. Partnerships and innovation drove growth, with a strong land bank and positive outlook for 2025. EPS rose 112%, and €380M has been returned to shareholders since 2021.
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H1 2024 saw strong operational and financial progress, with revenue of €152 million and margin expansion driven by standardization and scale. Full-year guidance is reiterated, supported by a robust order book, strategic land investments, and a €50 million share buyback.
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Robust demand, especially in Dublin, has driven a 20% order book increase and strong price inflation. Strategic land and partnership deals, improved planning, and manufacturing efficiencies are set to support growth, higher margins, and long-term shareholder returns.