Langley Holdings, owner of German-based offset press manufacturer Manroland Sheetfed, has reported that, in the 6 months to June 30, 2018, the engineering and industrial group has registered a profit before tax of €43.5 million on revenues of €398.2 million. Tony Langley, the group’s chairman, said in his half-year review that the result “was in line with expectations and on the whole, very satisfactory.” Profits before tax for the full year are forecast to be €102.2 million on revenues of €922.0 million. Langley added that all five of the group’s operating divisions are performing as expected, and that “from today’s perspective, all forecasts are achievable.” The group closed the half year with orders on hand of €314.1 million, net assets of €678.8 million, a consolidated cash balance of €350.3 million, and no debt. You can download the 2018 interim trading statement here.
Langley Holdings plc is a diverse, privately owned engineering and industrial group based in the UK with principal operating divisions located in Germany and France, as well as more than 80 subsidiaries worldwide. The group’s companies mainly produce mission-critical equipment ranging from electrical systems for data centres, machinery for cement and steel plants to food packaging lines, automotive welding equipment – and of course, offset printing presses. The group was founded in 1975 by the current chairman, Tony Langley, and currently employs about 4,300 people worldwide.