{"id":28928,"date":"2026-03-27T08:42:20","date_gmt":"2026-03-27T08:42:20","guid":{"rendered":"https:\/\/microvibenews.com\/?p=28928"},"modified":"2026-03-27T08:42:20","modified_gmt":"2026-03-27T08:42:20","slug":"miller-homes-sales-unaffected-so-far-by-iran-war-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=28928","title":{"rendered":"Miller Homes sales unaffected so far by Iran war \u2013 Daily Business"},"content":{"rendered":"

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\"Stewart\"Stewart
Stewart Lynes: milestone year<\/em><\/figcaption><\/figure>\n

Miller Homes, the UK\u2019s sixth biggest housebuilder and largest in the private sector, has not yet seen any impact on sales from the Iran war following a record year.<\/p>\n

The group posted a 40% increase in adjusted operating profit to \u00a3219m for the year to the end of December (FY 2024: \u00a3157m).<\/p>\n

It has seen a 40% increase in forward sales for the current financial year to \u00a3635m (FY 2024: \u00a3455m).<\/p>\n

Its performance last year was boost by the integration of St Modwen Homes, investment in land and expansion of the group\u2019s multi-tenure model.<\/p>\n

Chief executive Stewart Lynes described 2025 as a \u201cmilestone\u201d year, adding: \u201cWe achieved significant, profitable volume growth despite the macro?economic backdrop, driven by the successful acquisition of St Modwen Homes in January and the benefit of sustained organic land investment.<\/p>\n

\u201cThe St Modwen Homes acquisition introduced a second private brand to our portfolio, providing us with four routes to market, and expanded both our consented and strategic landbanks. Achieving a five-star rating from HBF for the 14th<\/sup>\u00a0time in 15 years further demonstrates our strong and consistent focus on delivering for our customers.<\/p>\n

\u201cWe are well?positioned to deliver further profitable growth as we progress towards our 7,000 homes target supported by our enlarged landbank and multi?tenure approach. <\/p>\n

\u201cExternally, we are monitoring the economic effects of the Middle East conflict. Our digital sales and marketing system provides granular lead indicators, which to date show no adverse impact, and we stand ready to respond swiftly should conditions change.\u201d<\/p>\n

Highlights<\/strong><\/p>\n

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  • 29% increase in completions to 4,931 (FY 2024: 3,813)<\/li>\n
  • 34% increase in turnover to \u00a31,425m (FY 2024: \u00a31,060m)<\/li>\n
  • 40% increase in adjusted operating profit to \u00a3219m (FY 2024: \u00a3157m)<\/li>\n
  • 40% increase in forward sales for the current financial year to \u00a3635m (FY 2024: \u00a3455m)<\/li>\n
  • 7% increase in return on capital employed to 29.9% (FY 2024: 22.9%)\u00a0<\/li>\n
  • 0.6% increase in adjusted operating margin to 15.4% (FY 2024: 14.8%)<\/li>\n
  • 4% increase in average selling price to \u00a3295,500 (FY 2024: \u00a3282,900)<\/li>\n
  • 19% increase in our consented landbank to 16,329 plots (Dec 2024: 13,695)<\/li>\n<\/ul>\n

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