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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.

 

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