Financial Group Summary

  2019*
£m
2018*
£m
2017*
£m
2016
£m
2015
£m
Group revenue 841.4 747.0 674.0 565.3 499.6
Gross profit 210.7 192.0 170.4 142.8 114.1
Operating profit before financing costs 167.9 151.1 131.1 103.0 78.4
Operating margin 20.0% 20.2% 19.5% 18.2% 15.7%
Profit before tax 122.1 102.1 109.3 89.3 62.0
Net assets 332.1 239.6 157.8 320.3 266.4
Net external debt (251.5) (299.9) (303.4) (121.6) (140.2)
Capital employed (excluding intangible assets) 568.8 512.7 463.5 441.9 406.6
Return on capital employed 31.0% 31.0% 29.0% 24.3% 20.0%
Return on underlying capital employed** 31.5% 33.4% 33.0% 30.3% 27.5%
Unit sales  
Core completions 3,328 2,954 2,698 2,380 2,153
Total (including joint ventures) 3,498 3,170 2,775 2,420 2,174
Average selling price (£'000) 249 249 239 231 227

 

2018 and 2019 figures represent Miller Homes Group Holdings plc. Comparatives represent Miller Homes Group Holdings plc proforma figures for 2017 and Miller Homes Holdings Limited for 2015-2016

*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.