Cairn Homes - FY results in line with guidance; no material changes likely to forecasts

Davy Research
/Read Important Disclosures

Full year numbers from Cairn are broadly in line with previous guidance. New guidance for FY21/22 in aggregate is also broadly in line with our current forecasts. The company’s cash generation guidance underpins our view that c.35% of its market value could be returned to shareholders in the next three years.