Miller reports “excellent set of results”

March 20, 2019
<p><span>Miller Homes has achieved an “excellent set of results” for 2018, it said today (March 20), with its total completions increasing 14% against the previous year and operating profit lifting 15% to £151.1 million.</span></p> <p><span>During the year ending December 31 2018, the housebuilder, which operates in Scotland, the north of England, the Midlands and southern England, completed 3,170 homes. Its average selling price rose 4% to £249,000.</span></p> <p><span>Miller’s operating margin improved by 70 basis points to 20.2%. Forward sales were 6% ahead of the previous year at £292 million.</span></p> <p><span>The firm said that it had increased its staff numbers by 11% as it continues to invest in business growth. In 2018, its new West Midlands region delivered just under 350 homes in its first full year of operation.</span></p> <p><span>Miller added that it was on course to achieve its strategic target of 4,000 homes by 2021.</span></p> <p><span>Chris Endsor, Miller’s ceo, said<b>: </b>“I am delighted to report an excellent set of 2018 results for Miller Homes with improvements in all key metrics. </span></p> <p><span>“Of particular note, was the 15% increase in operating profit to £151 million which enabled us to achieve an operating margin of 20% for the first time and ahead …

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