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

About Reader

Reader has been producing high quality cement products since 1985, originally for the mining industry. Today the company produces a full range of blended cement products to the construction, civil engineering, tunnelling and DIY markets. The company operates state-of-the-art blending and vacuum packing ISO9001 quality assured facilities.

Reader Cement Products Limited is a wholly owned subsidiary of the privately owned British engineering and industrial group Langley Holdings plc, which employs around 4,500 people worldwide.

About Langley Holdings plc

Langley Holdings plc is a diverse, privately owned engineering and industrial group based in the UK with principal operating divisions located in Germany and France and more than 80 subsidiaries worldwide. The group's companies mainly produce mission-critical equipment ranging from electrical systems for data centres, machinery for cement and steel plants to food packaging lines, automotive welding equipment and printing presses.

The group was founded in 1975 by the current chairman, Tony Langley, and currently employs around 4,300 people worldwide.

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