Parent company releases half year results
Another solid performance
Retford, 31st July 2018
In the 6 months to 30th June 2018, Langley Holdings plc, the engineering and industrial group, reported a profit before tax of €43.5 million on revenues of €398.2 million.
Tony Langley, the group’s chairman, said in his half year review that the result "was in line with expectations and on the whole, very satisfactory.”
Profits before tax for the full year are forecast to be €102.2 million on revenues of €922.0 million.
Langley commented that all five of the group's operating divisions are performing broadly as expected and that from today’s perspective, the forecast is achievable.
The group closed the half year with orders on hand of €314.1 million, net assets of €678.8 million, a consolidated cash balance of €350.3 million and nil debt.
Download the 2018 Interim Trading Statement here
The DC Druck Chemie group is a manufacturer and supplier of speciality chemicals, consumables and support services for the printing and graphic arts industries. Druck Chemie was founded in 1971 in the Swabian town of Ammerbuch, near Stuttgart, with eight products, two employees and one lorry. The first German branch offices came into being in 1978 in Gaimersheim; in 1982 in Hofheim and in 1987 the first international branch office opened in Switzerland. Today DruckChemie has facilities in 10 European locations as well as Brazil and Mexico, offering over 4,000 different products to more that 7,000 customers.
In November 2014, Druck Chemie was acquired by Langley Holdings plc, a British-owned multi-disciplined engineering concern serving a diverse range of markets worldwide.