Manroland Sheetfed Turns Small Profit for Parent Langley Holdings in 2014
RETFORD, UK—February 4, 2015— Langley Holdings, the diverse engineering group, has published its IFRS Annual Report and Accounts for the year ended Dec. 31, 2014.
The group reported a profit before tax of €100.6 million on revenues of €779.4 million. Group Chairman Tony Langley said in his review of the business that the group's divisions had performed in line with or ahead of expectations and that 2014 had been another remarkably successful year.
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 centers 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 materialize in 2014.
In his concluding remarks Langley acknowledged the contribution made by the group's circa. 4,000 employees and welcomed around 300 employees of the newly acquired DruckChemie group to the family of businesses, saying that he is confident 2015 will be a successful year for the group.
About Langley Holdings
Langley Holdings is a diverse, privately owned engineering group based in the UK with principal operating divisions located in Germany, France and the UK and more than 80 subsidiaries worldwide. The group produces capital equipment ranging from electrical systems for data centers, machinery for cement plants, food packaging lines, automotive welding equipment and, most recently, the printing industry. The group was founded in 1975 and today employs 4,371 people worldwide.
Source: Langley Holdings.