The 2017 Interim Trading Statement for UK-based Langley Holdings engineering and industrial group for the 6 months from January 1, 2017 to June 30, 2017, has revealed a profit before tax of €45.7 million on revenues of €422.6 million. In his half-year review of the business, the group’s chairman, Tony Langley, said that the result “was in line with expectations and on the whole, satisfactory.” He added that he’s anticipating a full-year profit before tax of €116 million on revenues of €967 million. Langley also commented that all five of the group’s operating divisions (which include Manroland Sheetfed) performed as expected and that the recent acquisition of Active Power, the Texas kinetic energy storage device specialist, had integrated smoothly into the organization, and was already contributing positively to the division’s result. The group closed the half year with orders on hand of €315 million, net assets of €606 million, €297 million cash, and no debt.
Manroland Sheetfed, acquired several years ago, has installed over 500 Roland printing presses worldwide, maintained several thousand more, and applied for 169 patents. In 2014, they announced the Roland 700 Evolution, said to be the world’s most technologically advanced printing press. Langley Holdings is a privately owned engineering and industrial group with principal operating divisions located in Germany, France and more than 80 subsidiaries worldwide – including Manroland Sheetfed Canada and U.S. The group’s companies produce equipment ranging from electrical systems for data centres, 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 the current Chairman, Tony Langley, and currently employs around 4,300 people worldwide.