Chairman's statement

We have set out our clear medium term targets to be achieved by 2020 which will return Bovis Homes Group to being a leading UK housebuilder and deliver significantly improved returns to shareholders.– Ian Tyler, Chairman

Financial highlights

£168.1m

(+47%)
Profit before tax (£m)

102.0p

(+115%)
Dividends (p)

19.3%

(+41%)
ROCE (%)

Chief Executive statement

The changes implemented across all areas of the business over the past two years have resulted in a significant step up in the operation and financial performance of the Group in 2018 and I am pleased to report a record year of profits with our profit before tax up 47.4% to £168.1m– Greg Fitzgerald, Chief Executive

Operational highlights

3,759

(2017: 3,645)
Legal completions

4*

(2017: 2 *)
HBF customer satisfaction

0.31

(2017: 0.38)
NHBC reportable items

Operational highlights

Financial review

Earl Sibley, Group Finance Director

As at 31 December 2018 the Group’s net cash balance was £126.8m. Having started the year with net cash of £144.9m, the Group generated an operating cash inflow before land expenditure of £291.2m (2017: £350.6m).

Download financial review