Manroland Sheetfed GmbH’s parent company, Langley Holdings plc, the diverse engineering and industrial group, has published its IFRS Annual Report & Accounts for the year ended 31 December 2018 .The group’s Chairman, Tony Langley, said in his review of the business that despite a slowdown, following successive record profit years, 2018 had been “Another very successful year”.
In the year to 31 December 2018, the group recorded a profit before tax of €103.5m versus €111.8m in 2017. Net assets at the year end were €722.6m and cash €379.5m – both record highs. In his concluding remarks, Langley says that the group is continuing to seek out further acquisition opportunities “with a solid war chest” available for suitable targets.
