Cairn Homes plc provided sales guidance for the years 2020, 2021 and 2022. The company expects 1,250 to 1,300 sales completions in 2020 and is targeting a gross margin of c. 20.0%. As in previous years and reflecting continuing growth, both revenues and gross margin will be heavily weighted towards the second half of the year. 2020 guidance is underpinned by the strength of year to date closed sales and contracted forward order book. With increased capacity and capability, Cairn expects to continue to increase annual production and is targeting 1,500 to 1,600 sales completions in 2021 and 1,700 to 1,800 sales completions in 2022.