Parent company releases half year results
Another solid performance
Retford, 31st July 2018
In the 6 months to 30th June 2018, Langley Holdings plc, the engineering and industrial group, reported 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 commented that all five of the group's operating divisions are performing broadly as expected and that from today’s perspective, the forecast is 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 nil debt.
Download the 2018 Interim Trading Statement here
About Manroland SheetfedManroland Sheetfed GmbH is a leading German producer of sheetfed offset litho printing presses. Founded in 1871, the company is one of the oldest producers of printing presses in the world. Today the company has its own subsidiaries in over 40 countries and is a global watchword for supreme quality and reliability. Manroland Sheetfed GmbH is a wholly owned subsidiary of the privately owned UK engineering group, Langley Holdings plc