Langley Holdings plc, parent company to the Manroland Sheetfed group, has published its IFRS Annual Report & Accounts for the year ended 31 December 2020.
The group recorded a profit before tax and non-recurring items of €28.6m on revenues of €766.8m. Non-recurring costs of €4.5m, associated with the closure of the group’s Marelli Motori division factory in Malaysia during the period, resulted in a profit before tax of €24.1 million.
Net assets at the year-end were just over €707.1m and consolidated cash around €288m. The group has nil debt.