Langley figures show rising profit margin

Langley Holdings, the engineering group that owns Manroland sheetfed, has published its figures for the year ending 31 December, 2014. The figures show modest rises across the board, with group earning a profit before tax of €100.6 million on revenues of €779.4 million. This is a rise in profit from the previous year’s €91.4 million despite the revenue falling from 833.9 million in 2013.

Manroland Sheetfed, the printing press builder acquired in 2012, is the group’s largest division in revenue and employee terms and reported a small profit. Piller, the producer of power protection systems for data centres and Claudius Peters, the plant machinery constructor, performed in line with expectations whilst the “other businesses” division, principally Bradman Lake, the packaging machinery specialist, also had a satisfactory year. ARO, the manufacturer of welding machinery for the automobile sector, experienced another successful year despite the expected downturn in demand which did not materialise in 2014.

The group has orders in hand worth €278.9 million, up from orders this time last year of €256 million. Employee numbers have also risen, from 4042 to 4371, thanks to the recently acquired DruckChemie group. Tony Langley, Group Chairman, said that the group’s divisions had performed in line with or ahead of expectations.


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