Financial

 The performance of Miller Homes Group Holdings plc during 2020 was as follows:

  • Housing completions down by 25% to 2,620 homes (2019: 3,498 homes) due to the impact of construction output ceasing during the first national lockdown in Quarter 2
  • Lower completions led to a fall in operating profit to £115m (2019: £168m)
  • Robust sales market despite the challenges arising from COVID-19 with the private sales rate unchanged at 0.64 (2019: 0.64)
  • Free cash generated of £92m, 10% ahead of last year and a record for the Group
  • Record forward sales of £560m (2019: £328m), 71% ahead of last year
  • Continued investment in land and successful promotion of strategic land has led to an 8% increase in consented landbank to 14,667 plots (2019: 13,633 plots) and a 4% increase in the strategic landbank to 20,776 plots (2019: 20,035 plots)

 

 

 

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