Highlights

TOTAL REVENUE
£316.2m 2017: £291.9m
TOTAL PROFIT BEFORE TAX
£46.0m 2017: £34.1m
ADJUSTED GROSS MARGIN
26.5% 2017: 22.3%
GEARING
44.6% 2017: 7.0%
ADJUSTED OPERATING MARGIN
16.7% 2017: 13.4%
DEVELOPMENT PIPELINE
£1.3bn 2017: £1.5bn
EPS
49.8p 2017: 36.8p
FORWARD SALES
£344m 2017: £546m
DIVIDEND PER SHARE
17.0p 2017: 15.7p
CUSTOMER RECOMMENDATION RATE
100% 2017: 99%

Our Award winning year

Telford Homes Plc use a range of statutory performance measures in accordance with Generally Accepted Accounting Principles (GAAP) and alternative performance measures (APMs) when reviewing the performance of the Group against its strategy. As a result, all highlights include the Group’s share of joint venture results. Statutory revenue in accordance with GAAP is £294.8 million (2017: £266.0 million) and profit before tax is £46.3 million (2017: £34.6 million).

Definitions of APMs and detailed calculations and reconciliations to statutory figures can be found here. Details of the Group’s key performance indicators can be viewed here