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 AROARO is widely regarded as the world leader in resistance welding to the automotive industry. The ARO group is headquartered near Le Mans, in France, with regional offices in Germany, Spain, Belgium, Slovakia, Sweden, the UK, USA, Mexico, Brazil and China. The company was founded in 1949 and today employs over 550 people. ARO is a member of the British engineering and industrial group, Langley Holdings plc