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Retford – 10th February, 2025.
Langley Holdings plc, the diverse engineering and industrial group, today published its IFRS Annual Report & Accounts for the year ended 31 December, 2024.
The Group reported a profit before tax (PBT) of €124.4 million on revenues of €1.203 billion, virtually identical to 2023.
Net assets reached €1 billion and cash reserves climbed to almost €400 million at year end, up over €100 million during the period.
Orders on hand were €930 million at the close, an increase of €53 million on the previous year.
The power division had a very strong year. Bergen Engines, the Norwegian engine builder acquired by Langley from Rolls-Royce in 2021, and German power conditioning specialist Piller, both posting new records. Marelli Motori, the Italian generator and motor producer, loss making when acquired in 2019, came into profits.
In the print technologies division a good performance by chemicals producer Druck Chemie was unfortunately wiped out by losses at Manroland Sheetfed, the German press builder. The division made a negative contribution overall although income to other Group entities reduced the shortfall somewhat.
Other businesses performed more or less in line with expectations. Notably, Clarke Chapman, the specialist nuclear, railway and defence equipment producer, had its best year since the business was acquired in 2000.
Chairman Anthony Langley said in his review of the business [ that ] “2024 was another satisfactory year for the Group overall.” Acknowledging its more than 5,000 employees world wide, he says that he expects a “slightly improved” performance by the Group in 2025.
Download Key Highlights & Chairman’s Review here
Download Full IFRS Annual Report & Accounts 2024 here
View in page turner here
