UK: Langley Holdings, owner of Claudius Peters, recorded consolidated sales of Euro1.17bn during 2022, up by 40% year-on-year from Euro815m in 2021. The group ended the year with an order backlog worth Euro900m. Its Other Industrials division, which includes Germany-based Claudius Peters, recorded sales of Euro277m, up by 11% from Euro250m. Langley Holdings said that, due to the length of its lead times, Claudius Peters’ profitability was especially impacted by costs rises in its delivery on existing contracts in 2022.
Chair Anthony Langley said “Hopefully management will make progress with tangible improvements to the plant machinery business: restructuring is not the preferred option, but, either way, I do expect a better result this year.”