Langley Holdings, the UK-based engineering and industrial group, has published its IFRS Annual Report & Accounts for the year ended December 31, 2016. Chairman Tony Langley said in his Chairman’s Review of the business that profits before tax were up by 15% over the previous year – making 2016 a record year for the group. The company reported a pre-tax profit of €122.7 million on revenue of €900.9 million. In his report, Langley commented on what he sees as the likely effects of Brexit and Trump on the group – but added that Manroland Sheetfed, acquired five years ago this month, had now returned the group’s initial investment in full.
In fact, the German printing press builder is the group’s largest division in revenue and employee terms, with around 40 subsidiaries around the world. Under Langley’s ownership, the company has installed around 500 Roland printing presses, maintained several thousands more, and applied for 169 patents. In 2014, they unveiled the Roland 700 Evolution, said to be “the world’s most technologically advanced printing press.”
Langley Holdings is a diverse, UK-based, privately-owned engineering and industrial group with principal operating divisions located in Germany, France and more than 80 subsidiaries worldwide. The group’s companies produce equipment ranging from electrical systems for data centres and machinery for cement and steel plants, to food packaging lines, automotive welding equipment and, of course, printing presses. The group was founded in 1975 by current Chairman, Tony Langley, and today employs about 4,300 people worldwide.