Financial Group Summary
|
2018* £m |
2017* £m |
2016 £m |
2015 £m |
2014 £m |
|
|---|---|---|---|---|---|
| Group revenue | 747.0 | 674.0 | 565.3 | 499.6 | 387.5 |
| Gross profit | 192.0 | 170.4 | 142.8 | 114.1 | 80.8 |
| Operating profit before financing costs | 151.1 | 131.1 | 103.0 | 78.4 | 48.4 |
| Operating margin | 20.2% | 19.5% | 18.2% | 15.7% | 11.5% |
| Profit before tax | 102.1 | 109.3 | 89.3 | 62.0 | 36.4 |
| Net assets | 239.6 | 157.8 | 320.3 | 266.4 | 218.4 |
| Net external debt | (299.9) | (303.4) | (121.6) | (140.2) | (157.9) |
| Capital employed (excluding intangible assets) | 512.7 | 463.5 | 441.9 | 406.6 | 376.3 |
| Underlying capital employed* | 483.2 | 416.4 | 362.9 | 307.4 | 256.7 |
| Return on capital employed | 31.0% | 29.0% | 30.3% | 27.5% | 16.2% |
| Return on underlying capital employed** | 33.4% | 33.0% | 30.3% | 27.5% | 16.2% |
| Unit sales | |||||
| Core completions | 2,954 | 2,698 | 2,380 | 2,153 | 1,896 |
| Total (including joint ventures) | 3,170 | 2,775 | 2,420 | 2,174 | 1,918 |
| Average selling price (£'000) | 249 | 239 | 231 | 227 | 200 |
2018 figures represent Miller Homes Group Holdings plc. Comparatives represent Miller Homes Group Holdings plc proforma figures for 2017 and Miller Homes Holdings Limited for 2014-2016
*Underlying capital employed represents capital employed excluding non-operating intangibles assets, deferred tax and shared equity loans.
**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.