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Langley Holdings plc Reports Interim Trading Statement 2017

Cites profit before tax of €45.7 million on revenues of €422.6 million.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

For the six months to June 30, 2017, Langley Holdings plc reported a profit before tax of €45.7 million on revenues of €422.6 million.
 
In his half year review of the business, the group’s chairman, Tony Langley, says that the result “…was in line with expectations and on the whole, satisfactory,” and that he is anticipating a full year profit before tax of €116 million on revenues of €967 million.
 
Langley commented that all five of the group’s operating divisions performed as expected, and that the recent acquisition of Active Power, the Texas kinetic energy storage device specialist, had integrated smoothly into the Piller organization in the period and was already contributing positively to the division’s result.
 
The group closed the half year with orders on hand of €315 million, net assets of €606 million, €297 million cash and no debt.

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