Parent Company Interim Trading Statement Published Today
New record PBT for a first half...post-pandemic recovery well under way.
Retford - 27th July, 2023
Langley Holdings plc, parent company to Marelli Motori Srl today published its Interim Trading Statement for the 6 months to 30 June, 2023.
In an upbeat Chairman’s Review of first half trading, Chairman & CEO Tony Langley said that the group had posted a new record Profit Before Tax (PBT) for a first half and was continuing its post-pandemic recovery.
The group recorded a PBT of €52.2 million for the 6 months to June and is forecasting €125 million for the full year, on revenues of €1.3 billion.
Net assets rose to €873.4 million, up from €844.4 million at June 2022. Consolidated cash stood at €248.4 million.
To download Langley Holdings plc Interim Trading Statement for the 6 months ended 30 June 2023, including Key Highlights and Chairman’s Review, click here
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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 18 production facilities in Europe, Scandinavia, 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.
About Marelli Motori
Marelli Motori employs around 630 people with extensive manufacturing facilities at its Arzignano headquarters and own subsidiaries in South Africa, Asia, Europe and USA. The company also has an extended sales, distribution and service network across four continents, supplying products to more than 120 countries. On 24 May 2019, Marelli Motori was acquired by Langley Holdings plc, the British engineering and industrial manufacturing group.