New record PBT for a first half…post-pandemic recovery well under way.
Langley Holdings plc, parent company to Manroland Sheetfed GmbH today published its Interim Trading Statement for the 6 months to 30 June, 2023.
In an upbeat Chairman’s Review of first half trading, Chairman & CEO Tony Langley said that the group had posted a new record Profit Before Tax (PBT) for a first half and was continuing its post-pandemic recovery.
The group recorded a PBT of €52.2 million for the 6 months to June and is forecasting €125 million for the full year, on revenues of €1.3 billion.
Net assets rose to €873.4 million, up from €844.4 million at June 2022. Consolidated cash stood at €248.4 million.
To download Langley Holdings plc Interim Trading Statement for the 6 months ended 30 June 2023, including Key Highlights and Chairman’s Review, click here
About Langley Holdings
Langley Holdings plc is a privately owned UK-based engineering and industrial manufacturing group, principally producing capital equipment for diverse markets worldwide. Langley businesses are either outright market leaders, or occupy strong niche positions in their respective fields, providing advanced technologies in a solutions-based approach. The group operates in three principal areas: Power Solutions, Print Technologies and Other Industrials. The group’s operations are based in Germany, Italy, France the UK and Norway, with 18 production facilities in Europe, Scandinavia, the UK and the USA. The group has more than 90 sales and service subsidiaries worldwide and employs over 5,000 people. Langley Holdings was established in 1975 by the current Chairman & CEO, Anthony Langley and remains entirely in family ownership.
About Manroland Sheetfed
Manroland 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.