Parent company releases half year results
Another solid performance
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 Langley Holdings plc
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 and 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 printing presses.
The group was founded in 1975 by the current chairman, Tony Langley, and currently employs around 4,300 people worldwide.