BuildingBetter
Annual Report and accounts 2023
Growth and objectives achieved
Against a challenging backdrop, we set out three clear objectives at the start of 2023 – to grow our portfolio of planned sites, to advance our Partnerships business, and to transform our manufacturing business. We have delivered on all three goals.
At a glance
Financial
Revenue
Adjusted Operating Profit
EPS
Carrying Value of Land
Operational Highlights
No. of Suburban Units Sold
Forward Order Book
Customer Satisfaction
H&S Audit Score
Vision, mission, values and culture
Creating value for stakeholders the Glenveagh way
Our vision is that everyone should have the opportunity to access affordable, high-quality homes in flourishing communities across Ireland.
Our mission is to innovate how new homes are planned, designed, built, and marketed in Ireland, and to make the journey for customers
transparent, easy, and joyful.
We foster a culture of fresh thinking, teamwork, and trust to challenge the status quo in our industry.
Safety first
Safety always come first.
The health and wellbeing of our people and those we work with is paramount. That is why health and safety is a fundamental part of our culture and integrated into all our decision-making.
Collaborative
We believe in the power of teamwork to create new possibilities.
Building homes at scale requires the close collaboration of many different people with specialist skills and distinct perspectives. We respect and trust each other while acting responsibly and with integrity, believing that how we get things done is just as important as our achievements.
Innovative
Each day we work to bring new ideas home.
Innovation fuels customer satisfaction, sustainability, and efficiencies across the business, enabling us to deliver greater value to stakeholders. Seeking out new ways of solving current and future challenges helps to create flourishing communities across Ireland.
Customer-centered
Customers are at the heart of every decision we make.
We build for the people who call our developments ‘home’. To do this well, we take the time to understand them, their lives and their ever changing needs. By putting our customers at the centre of everything we do, we create homes and communities that have lasting value.
Can-do
With the right attitude, we can achieve anything.
We positively impact each other, our partners and our customers through our dedication, grit, and can-do attitude. We are continuously learning and growing our skills to ensure we realise our vision.
Chair's Letter
The business consistently demonstrates strong operational progress, with improved profitability and robust returns
John MulcahyChairman
Chair's Letter
The business consistently demonstrates strong operational progress, with improved profitability and robust returns
John MulcahyChairman
OUR INVESTMENT CASE
A best in class operator in a truly differentiated market
We are a vertically integrated Irish housebuilder focused on suburban housing, urban apartments and partnerships with local authorities and state agencies. The Irish economy is truly differentiated, providing a long-term underpin to our growth. Within this, we are a best-in-class operator ideally positioned to capitalise on these compelling growth trends.
Exciting
The environment in which we operate is healthy, reinforced by robust consumer confidence and favourable incentives and supports.
Scalable
Our business model allows us to scale effectively with a product set that is ideally aligned with market demand.
Sustainable
Operational excellence runs through everything that we do, enabling us to build sustainable homes and to deliver financially.
Skilled
We have developed a comprehensive and highly developed set of portfolio skills throughout our business that allows us to plan, design, construct, deliver and sell effectively.
Effective
We manage our capital with great care and precision, maximising our returns and allocating effectively.
Get in touch
Tel: +353 (01) 903 7100
Email: enquiries@glenveagh.ie
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