Retford – 21st February, 2023

Langley Holdings plc, the diverse engineering and industrial group, today released its IFRS Annual Report & Accounts for 2022.

In the year to 31 December, the group recorded revenues of €1.2 billion and a profit before tax (PBT) of €75.8 million.

In his Chairman’s Review, Mr Tony Langley said that the overall 2022 result was “satisfactory”.

Bergen Engines, the Norwegian engine producer acquired from Rolls-Royce in December 2021, had “a successful first year’s trading under Langley stewardship.”

Revenues grew by some 40% on the previous year and the group came into 2023 with an order backlog of €900 million.

“2023 looks set to be a year where profits begin to catch up with the step-change in revenue seen in 2022.” Langley said.

Download Key Highlights & Chairman’s Review here

Download full 2022 IFRS Annual Report & Accounts here

About

Langley Holdings plc is a privately owned UK based globally operating engineering and industrial manufacturing group. The group operates in three main areas:  Power Solutions, Print Technologies and Other Industrials. Principal operations are based in Germany, Italy, France the UK and Norway, with 18 production facilities in Europe, the UK and the USA. The group has more than 90 sales and service subsidiaries worldwide and employs over 5,000 people. The business was established in 1975 by the current Chairman & CEO, Mr Tony Langley and remains in family ownership.


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