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4 March 2021 Vistry Group PLC ( the “ Group ” ) is today issuing its full year results for the 12 - month period ended 31 December 2020 . Full year highlights Strong second half performance with adjusted full year profit before tax ( ¹ ) of £ 143.9m ahead of our expected range ● ● ● ● ● ● ● ● ● ● Vistry Group Vistry Group PLC - Full year results ● ● On a reported basis after exceptional items and amortisation the Group made a profit before tax of £ 98.7m ( 2019 : £ 174.8m ) Significant deleverage resulting in a year - end net cash ( ² ) position of £ 38m down from net debt of £ 357m as at 30 June 2020 , having started the year with net cash of £ 362m prior to the acquisition ● Sustained step up in demand with H2 2020 weekly private sales rate per outlet up 15 % to 0.62 ( H2 2019 : 0.54 ) Further improvement in quality and customer satisfaction and expect to be awarded the maximum 5 - star HBF customer satisfaction rating for 2020 and started 2021 well Current trading and outlook Strong start to the year with private sales per active site per week of 0.66 in first 8 weeks ( 2020 : 0.64 ) and the underlying sales rate ahead of the positive start to 2020 Completed full review and stakeholder consultation on strategy for sustainability , defining a range of targets and commitment to set clear roadmap in 2021 for Group to achieve net zero carbon Last 4 weeks particularly strong with private sales rate of 0.78 Pricing remains firm and good supply of material and labour ● Selling well for completions post 31 March 2021 , with little impact from changes to HTB and previously expected end to stamp duty holiday ● Strong forward sales position with 64 % of total Housebuilding and Partnerships mixed tenure forecast units for 2021 already secured , totalling £ 1,747m ● Partner delivery forward order book totalling £ 880m Forecast increase in land and WIP investment in 2021 of c . £ 100m supporting Partnerships ' growth plans Excellent progress at Vistry Partnerships with higher margin mixed tenure volumes up 70 % in the second half on the prior year equivalent period , and an increase in adjusted operating margin in the year to 6.7 % Housebuilding delivered 4,652 ( 2019 proforma ( ³ ) : 6,884 ) completions at an average selling price of £ 303k , with the H1 performance significantly impacted by Covid - 19 Firm pricing with 0.5 % to 1.0 % price increase and resilient supply chain with low - cost inflation Active in the land market maintaining controlled land bank size at 40,218 plots whilst reducing land creditors since acquisition by £ 79m to £ 323.2m Resumption of dividends with 20 pence per share final dividend proposed in respect of 2020 1 Pre - exceptional items and amortisation of acquired intangible assets 2 Net cash / debt is quoted excluding IFRS16 lease liabilities and includes £ 7.4m ( HY20 : £ 7.8m ) impact from the fair value of future interest payments on US Private Placement notes 3 Proforma completions and revenue are calculated using published data for Linden Homes and Vistry Partnerships and represent the Vistry Group period of 1 Jan 2019 to 31 December 2019 1