|
|
2017*
£m
|
2016
£m
|
2015
£m
|
2014
£m
|
2013
£m
|
|
Group revenue
|
675.2
|
565.3
|
499.6
|
387.5
|
326.3
|
|
Gross profit before exceptional items
|
170.8
|
142.8
|
114.1
|
76.9
|
53.1
|
|
Operating profit before exceptional items and financing costs
|
130.1
|
103.0
|
78.4
|
44.5
|
22.9
|
|
Operating margin
|
19.3%
|
18.2%
|
15.7%
|
11.5%
|
7.0%
|
|
Profit (loss) before tax
|
109.3 |
89.3
|
62.0
|
36.4
|
6.9
|
|
Capital employed
|
463.5
|
441.9
|
406.6
|
376.3
|
384.8
|
|
Return on underlying capital employed** |
33.0%
|
30.3%
|
27.5%
|
16.2%
|
8.4%
|
|
Unit sales
|
|
|
|
|
Core completions
|
2,698
|
2,380
|
2,153
|
1,896
|
1,684
|
| Core completions plus joint ventures |
2,775
|
2,420 |
2,174 |
1,918 |
1,707 |
|
Average selling price (£'000)
|
239
|
231
|
227
|
200
|
181
|
*The 2017 full year results have been prepared on a proforma basis following the acquisition by Miller Homes Group Holdings plc of Miller Homes Holdings Limited on 5 October 2017. Accordingly, the proforma results reflect the 9 month pre-acquisition result of Miller Homes Holdings Limited as extracted from its audited financial statements and the 3 month post acquisition result of Miller Homes Group Holdings plc, excluding one-off transaction fees and fair value adjustments. The prior year figures are extracted from the audited financial statements of Miller Homes Holdings Limited.
**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 loans.