Results For Financial Year Ended 30th June 2016
CALA Group (Holdings) Limited, the UK's most upmarket major homebuilder, today announces its financial results for the year ended 30 June 2016.
03 October 2016
FOURTH CONSECUTIVE YEAR OF RECORD REVENUES AND PROFIT; GROWTH STRATEGY AND OPERATIONAL EFFICIENCY TARGETS REMAIN ON TRACK
|| Year Ended 30 June 2016
|| Year Ended 30 June 2015
| Group Revenue
| Profit Before Tax*
| Total home completions
| Average Selling Price (ASP)
| Return On Capital Employed
| Operating Margin*
* Before exceptional items and revaluation of financial instruments
- Strong increase in the Group’s owned and contracted land bank
~ 84% of the contracted landbank (GDV of £4.7bn) now has planning consent or adopted in a local plan
~ 30 new sites contracted during the year, projected to deliver 2,683 homes with an estimated GDV of £1.0bn
~ Continued focus on Southern England to drive future growth, with 57% of new sites contracted over the year in the region
- Total group headcount up 13% to 810 as part of the Group’s growth plans
- Establishment of a standard specification and extension of group procurement activity
- Introduction of new, ‘Light & Space’ house type range to enhance customer experience and drive efficiency
- Significant award wins during the course of the year recognising the Group’s ongoing development;
~ Crowned ‘Large Business of the Year’ at the prestigious Scottish Business Awards
~ Retained 5‐star customer service rating from Home Builders Federation for seventh year running
~ Large Housebuilder of the Year at the Scottish Home Awards for the second year running
- Manjit Wolstenholme appointed as Non‐Executive Chairman
Commenting on the results, Alan Brown, Chief Executive of CALA Group, said:
“2016 has been another record year with profits topping £60m for the first time in the Group’s history. Despite headwinds in some of our markets, we have continued to build on the strong momentum we have generated over recent years, once again delivering robust volume and revenue growth while still achieving incremental improvements in our return on capital employed.
“Our growth strategy remains to focus on driving operational efficiency improvements throughout the Group as we continue scaling up our divisions. Alongside this, we continue to invest in building the size and capability of our teams, welcoming almost 100 additional members of staff to the business including our ongoing increase of apprenticeship and graduate recruitment initiatives across the Group.
“In the 13 weeks since the EU referendum result, and although still early days, the Group saw positive trading with total enquiry levels and reservation rates up 9% and 46% respectively while website users have also risen by 32% on the equivalent period last year. Sales prices have also remained stable while cancellation rates have actually reduced slightly.
“Overall, we remain on course to deliver an annual capacity of 2,000 to 2,500 units within the next four years through delivering premium quality, well designed homes and communities in prime locations across the UK.”
View a press release of the results, click here
For the full annual report, download here
For further information please contact MHP Communications - Andrew Jaques, Giles Robinson, Charlie Barker +44 (0)20 3128 8710/ firstname.lastname@example.org