Redrow 2017 final results
Group revenue up 20% to a record £1.66bn driven by higher legal completions and a 7% increase in Average Selling Price to £309,800
Operating margin rose to 19.4% (2016: 18.9%)
Record pre-tax profit of £315m, up 26% (2016: £250m)
Earnings per share up 27% to 70.2p
Record Order Book, up 14% to £1.1bn
Return on Capital Employed up 10% to 26.0% (2016: 23.7%)
Net debt reduced from £139m in June 2016 to £73m in June 2017
Proposed final dividend of 11p per share, making 17p for the full year, up 70%
