2020 Annual Report & Accounts available for download
Retford, 12th February, 2021
Langley Holdings plc, the diverse engineering and industrial group, today published its IFRS Annual Report & Accounts for the year ended 31 December 2020.
In the year to 31 December 2020, the group recorded a profit before tax and non-recurring items of €28.5 million on revenues down 11% on 2019 at €766.8 million.
Consolidated cash at year end was €288 million, up by almost €50 million on Y/E 2019. The group has nil debt.
Net assets at the year-end were virtually static at €707.2 million due to negative FX effects on non-euro assets.
“2020 was a year like no other” said Mr Tony Langley in his Chairman’s Review of the business and that the group had “...successfully navigated the single most challenging economic and social phenomena in living memory.“
|Key Highlights & Chairman’s Review 2020||318.08 KB||Download|
|Full IFRS Annual Report & Accounts 2020||4.09 MB||Download|
Langley Holdings plc (Langley) is a UK based, globally operating, multi-disciplined engineering and industrial manufacturing concern, principally providing capital equipment technologies to diverse markets around the world. Langley businesses occupy strong niche positions in their respective fields, providing advanced technologies in a solutions-based approach. The group comprises 7 divisions based principally in Germany, France and Italy and has a worldwide manufacturing and commercial footprint of several million square feet, with 17 production facilities in Germany, France, Italy, UK, the United States and Asia and more than 100 sales and service subsidiaries across Europe, the Americas, the Far East and Australasia.
The group was established in 1975 by Tony Langley, the current Chairman & CEO, and remains in family ownership.