Five key takeaways from Glenveagh’s trading update
The company, which develops starter homes and build-to-rent units, saw revenues fall during the pandemic but still has big plans for 2021
Glenveagh, the listed homebuilder, has published a trading update for the year to the end of December, ahead of the publication of full-year results in late February.
Here are the five key takeaways from the update.
1. Revenues take a hit
Total revenue recorded by Glenveagh in 2020 was about €232 million, down from €284 million the previous year.
The gross margin on core units, recorded at 14 per cent, suggests a full-year gross profit ...
