Manroland Sheetfed GmbH’s parent company, Langley Holdings, the diverse and privately-owned engineering and industrial group, has published its IFRS Annual Report & Accounts for the year ended December 31, 2018.
The group’s chairman, Tony Langley, said in a recent review regarding the business that despite a slowdown, following successive record profit years, 2018 had been “…..another very successful year.” In the year to December 31, 2018, the group recorded a profit before tax of €103.5 million versus €111.8 million in 2017. Net assets at the year’s end were €722.6 million and cash €379.5 million – both record highs! In his concluding remarks, Langley says that the group is continuing to seek out further acquisition opportunities “with a solid war chest” available for suitable targets.
To download key highlights and the chairman’s review for 2018, click here
To download full IFRS Annual Report & Accounts 2018, click here
About Langley Holdings. Langley Holdings plc is an engineering and industrial group based in the United Kingdom. The group comprises five operating divisions, based principally in Germany, France and the United Kingdom, with a substantial presence in the United States and more than 80 subsidiaries around the world. The operating divisions 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, which was founded in 1975 by the current Chairman and sole shareholder Tony Langley, employs about 4,300 people worldwide.