Financial Group Summary

  2020
£m
2019
£m
2018
£m
2017
£m
2016
£m
Group revenue 664.8 841.4  747.0  674.0  565.3
Gross profit* 156.7 210.7  192.0  170.4  142.8
Operating profit before financing costs* 114.8 167.9  151.1  131.1  103.0
Operating margin* 17.3% 20.0%  20.2%  19.5%  18.2%
Profit before tax* 64.4 122.1  102.1  109.3  89.3
Net assets 378.6 332.1  239.6  157.8  320.3
Net external debt (200.9) (251.5)  (299.9)  (303.4)  (121.6)
Capital employed (excluding intangible assets) 577.8 568.8  512.7  463.5  441.9
Return on capital employed* 20.0% 31.0%  31.0%  29.0%  24.3%
Unit sales  
Core completions 2,544 3,328  2,954  2,698  2,380
Total (including joint ventures) 2,620 3,498  3,170  2,775  2,420 
Average selling price (£'000) 261 249  249  239  231 

 

Comparatives represent Miller Homes Group Holdings plc proforma figures for 2017 and Miller Homes Holdings Limited for 2016

*Pre-exceptional items