Financial

Key performance highlights for Miller Homes Group Holdings plc during 2019 are as follows:

• A successful year of housing completions, up 10%, an increase to 3,498 homes (2018: 3,170 homes)
• Operating profit of £167.9m, up 11% (2018: £151.1m)
• c4,900 plots acquired, 1.4 times higher than 2019 consumption
• 9% increase in consented landbank to 13,633 plots (2018: 12,524 plots)
• 16% increase in the strategic landbank to 20,035 plots (2018: 17,331 plots)
• Record forward sales of £328m (2018: £292m), 12% ahead of last year

*Return on underlying capital employed represents 12 month annualised operating profit divided by the average of opening and closing capital employed, adjusted for non-operating deferred tax and shared equity interests