Our 2010 Financial Performance
Taylor Wimpey plc is a focused community developer with operations in the UK, the US, Canada and Spain. We aim to be the developer of choice for customers, employees, shareholders and communities.
Revenue – continuing
(£m)
£2,603.3m
Profit/(loss) before tax and exceptional items (£m)
£75.1m
Exceptional items –
before tax (£m)
£(146.4)m
Profit/(loss) for the year –
total Group (£m)
£259.3m
KPI - Adjusted earnings/(loss)
per share
0.6p
Earnings/(loss) per share
(p)
8.1p
Tangible net assets
per share (p)
56.9p
Year end net debt
(£m)
£(654.5)m
* Profit on ordinary activities before finance costs, exceptional items, brand amortisation and tax, after share of results of joint ventures.
Taylor Wimpey manages a portfolio of over 170,000 land plots across the UK, the US, Canada and Spain.
Operational Highlights:
UK Housing
- Significant improvement in operating margin to 7.1% (2009: 0.8%).
- Successful promotion of a 1,500 home community in Cambuslang, near Glasgow.
- Asset turn increased to 1.1 times (2009: 0.8 times).
North America Housing
- 44% of our land portfolio is finished lots, which do not need further development.
- Sites acquired in 2008-2010 performing strongly
- Increased asset turn to 1.5 times (2009: 1.3 times).
Corporate responsibility
A full Corporate Responsibility Report is published separately on-line and is available from www.taylorwimpeyplc.com.
