Langley Holdings plc, the diverse engineering and industrial group, recently published its IFRS Annual Report & Accounts for 2021.
In the year to 31 December, the group reported a profit before tax (PBT) of €128.2 million. Revenues for the period were €814.6 million. Consolidated cash at the year end stood at €291.0 million and net assets €835.7 million.
The company is expecting a “step change” in 2022 with revenues reaching €1.3 billion, of which €600 million from Power Solutions, €400 million from Print Technologies and €300 million from the Other Industrials divisions.
Tony Langley, chairman of the group says, “ our German offset litho printing press builder, Manroland Sheetfed. had a strong year of order intake for new presses but Covid absenteeism and supply chain frustrations at the factory resulted in a negative contribution for the year. Service activities, across the 40 plus subsidiaries worldwide, if not back to pre-Covid normality, were at least closer to those levels. With its record order backlog, 2022 looks set to be a better year. The ROLAND 700 Evolution, Speed, Elite and Lite variants and the ROLAND 900 Evolution presses, all the culmination of several years of research and development under our stewardship, are considered state-of-the-art and technologically industry leading. This has undoubtedly contributed to the very strong order intake during the year and confirming that confidence has returned to the sector. However, until such time as productivity returns to normal, sacrifices will need to continue. Druck Chemie Group (incorporating HiTech Chemicals BV & BluePrint Products NV) Druck Chemie – our German print chemicals producer, together with its distribution subsidiaries in Belgium, Brasil, the Czech Republic, France, Italy, Poland, Spain and Switzerland – had a very successful year, despite the pandemic, as print shops across Europe geared back up. The acquisition of HiTech Chemicals BV and BluePrint Products NV from Heidelberger Druckmaschinen AG in December 2020 was well integrated during the year. The state-of-the-art Kruibeke production facility in Belgium compliments Druck Chemie’s facility in Ammerbuch, Germany, very well and 2022 looks set to be another satisfactory year.”
