Innovation & collaboration

A profitable year with good future prospects

2024 was a landmark year for Glenveagh. We scaled the delivery of high-quality sustainable homes, embedded innovations and efficiencies across our operations, and established Glenveagh as a preferred public sector partner. We are confident in our ability to sustain the excellent momentum we have built, delivering for all of our stakeholders.

At a glance

Financial highlights

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

Our integrated approach

Our vision is that everyone should be able to access affordable, high-quality homes in flourishing communities across Ireland.

In order to achieve this, a clear vision, collaborative culture, and shared values shape our progress and guide our success. Our operational excellence and financial strength ensure we generate social and economic value for our customers, employees, communities, shareholders, suppliers, and regulators.

Furthermore, our focus on sustainability has contributed to the environment by cutting emissions and providing better, energy efficient housing with a lower carbon footprint. It also adds financial value by unlocking improvement in margins and returns.

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CEO’s review

This has been a landmark year for Glenveagh. I am pleased with the progress we have made on our operational and financial goals, demonstrating our ability to deliver at an increased scale.

Stephen GarveyChief Executive Officer

CEO’s review

This has been a landmark year for Glenveagh. I am pleased with the progress we have made on our operational and financial goals, demonstrating our ability to deliver at an increased scale.

Stephen GarveyChief Executive Officer

Our investment case

A clear strategic focus and effective business model make Glenveagh a compelling investment.

We are the leading Irish housebuilder, delivering high-quality suburban homes and urban apartments with solid partnerships with local authorities and state agencies. Our vertically integrated business model and focus on innovation allow for better cost control and improved efficiency, helping us to mitigate supply chain risks, manage costs, and optimise margins. As such, we are well-positioned to capitalise on the growth trends in the Irish economy today and into the future.

Growing

We operate in a thriving market with solid demand driven by an outperforming economy, strong population growth, and supportive social initiatives.

Scalable

Our business model enables agility, increased scale, and standardisation to drive improved margins and efficiency.

Sustainable

Operational excellence has reduced costs and our environmental impact to empower sustainable homebuilding and more robust financial returns.

Skilled

Our organisation has comprehensive and highly developed portfolio skills, allowing us to plan, design, construct, deliver, and sell effectively.

Effective

We manage our capital carefully and precisely, maximising our returns and allocating effectively.

Download reports

Strategic Report

Governance

Financial Statements

Sustainability Statement