Trading Performance

Year Ended 31 December

Trading Performance

(All information delayed by at least 15 minutes.)

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		2020 £'000		2019 £'000		2018 £'000		2017 £'000		2016 £'000
Revenue		2,774,036		1,814,667		1,649,591		1,357,281		1,234,495
Cost of Sales		-2,452,093		-1,556,715		-1,440,193		-1,195,424		-1,083,667
Gross Profit		321,943		247,952		209,398		161,857		150,828
Distribution Costs		-23,246		-22,778		-18,283		-11,953		-11,089
Administrative Expenses		-236,859		-175,811		-150,030		-116,337		-108,471
Exception item - acquisition costs		-		-		-		-2,843		-
Share of Profit in Joint Venture		5,029		6,406		5,213		4387		3,056
Group Operating Profit		66,867		55,769		46,298		35,111		34,324
Profit After Taxation		42,040		33,160		34,706		27,040		26,656
EBITDA (1)		126,425		102,442		70,749		56,659		54,030

Note
(1) EBITDA is calculated as Group operating profit plus amortisation and depreciation as set out in HFG's profit and loss account

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