Highlights

TOTAL REVENUE
£354.3m 2018: £316.2m
TOTAL PROFIT BEFORE TAX
£40.1m 2018: £46.0m
ADJUSTED GROSS MARGIN
23.7% 2018: 26.5%
GEARING
37.0% 2018: 44.6%
ADJUSTED OPERATING MARGIN
13.1% 2018: 16.7%
DEVELOPMENT PIPELINE
£1.6bn 2018: £1.3bn
EPS
44.6p 2018: 49.8p
EMPLOYEE RETENTION RATE
89% 2018: 90%
DIVIDEND PER SHARE
17.0p 2018: 17.0p
CUSTOMER RECOMMENDATION RATE
99% 2018: 100%

Our Award winning year

Telford Homes 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 £336.1 million (2018: £294.8 million) and profit before tax is £40.3 million (2018: £46.3 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