Langley results: Manroland gears up for growing demand Jo Francis Monday, March 1, 2021
Langley Holdings has reported 2020 results for a “a year like no other”, while its press manufacturing subsidiary Manroland Sheetfed has “opened the taps” and returned to full production in anticipation of a post-Covid surge in demand.
Manroland Sheetfed: increase in projects, especially for large press sizes
Chairman Tony Langley said all of the group’s businesses were affected by the pandemic in one way or another. Group sales were down 6.5% at €766.8m (£662m) and profits more than halved, falling to €28.5m (2019: €59.9m). However, the group finished the year still with zero debt, and with a cash balance up €49.1m at €288m.