Financials
Retford – 9th August 2024.
Langley Holdings plc, the diverse engineering and industrial manufacturing Group, today published its Interim Trading Statement for the 6 months to 30 June 2024.
In the first six months, the Group posted a profit before tax (PBT) of €43.5 million on revenues of €523.1 million. This compares with €52.2 million for the same period last year on revenues of €583.6 million. Net cash stood at €350.6 million (June 2023: € 248.4 million) with net assets at €1,001.1 million (June 2023: €873.4 million).
In his Chairman’s Review, Anthony Langley said that trading performance for the first half of the year was “satisfactory and broadly in line with expectations”
He noted that the Group’s net assets and order books had reached €1 billion for the first time and that forecast full year PBT of €126.4 million was “realistically achievable”.
On 1st August 2024, the Group acquired GKN Hydrogen, the hydrogen storage specialist, from Dowlais Group plc. With operations in Italy, Germany and the USA, the latest acquisition becomes part of Langley’s Power Solutions Division.
To download Langley Holdings plc Interim Trading Statement for the 6 months ended 30 June 2024, click here.
About Langley Holdings
Langley Holdings plc is a privately owned UK-based engineering and industrial manufacturing group, principally producing capital equipment for diverse markets worldwide. Langley businesses are either outright market leaders, or occupy strong niche positions in their respective fields, providing advanced technologies in a solutions-based approach. The Group operates in three principal areas: Power Solutions, Print Technologies and Other Industrials.
The Group’s operations are based in Germany, Italy, France, the UK and Norway, with 19 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.
Langley Holdings was established in 1975 by the current Chairman & CEO, Anthony Langley and remains entirely in family ownership.
