By Joe Hoppe
Glenveagh Properties said Thursday that its market continues to benefit from very strong underlying demand and reiterated its 2023 guidance.
The Irish home builder said 1,150 suburban units are now either sold, signed or reserved for the year, and its Urban businesses division is proceeding to plan. It has also made good progress in the Partnerships division.
Glenveagh said it was making significant progress in an improving planning environment, increasing its confidence for unit delivery in 2024 and beyond.
The company reiterated guidance for the full-year, expecting earnings per share of 7.5 European cents to 8.0 European cents (8.0 U.S. cents to 8.6 U.S. cents). This compares with 7.6 European cents in 2022.
“We have made good progress so far in 2023 with an advancing order book, strong market demand, improved planning momentum and increased government impetus around demand and supply side initiatives,” Chief Executive Stephen Garvey said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
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