Chairman's statement

The Group has a very exciting future with very significant opportunities to be realised from the acquisition of Linden Homes and Vistry Partnerships. The progress, achievements and learning from the past three years positions us well, and the integration process, taking the best from both, is well underway.– Ian Tyler, Chairman

Financial highlights

£188.2m

(+12%)
Profit before tax (£m)

61.5p

(+8%)
Dividends (p)

22.3%

(+3%)
ROCE (%)

Chief Executive statement

Our focus has been on putting the customer back at the centre of everything we do and I am delighted this has resulted in our 5-star HBF customer satisfaction rating. We have also made further operational progress delivering another year of record profit.
The transformational acquisition of Linden Homes and Vistry Partnerships creates one of the UK’s leading homebuilders. We are making excellent progress with integration, and I am confident we will deliver the significant benefits from this exciting combination. – Greg Fitzgerald, Chief Executive

Operational highlights

3,867

(2018: 3,759)
Legal completions

5*

(2018: 4 *)
HBF customer satisfaction

0.23

(2018: 0.31)
NHBC reportable items

Operational highlights

Financial review

Earl Sibley, Group Finance Director

The Group delivered a record profit before tax before exceptional items for the year ended 31 December 2019 of £188.2m . The gross margin was positively impacted by the increasing embedded gross margin in our land bank and our operational improvements.

Download financial review