Displaying items by tag: Langley Holdings

UK: Langley Holdings recorded a 42% year-on-year fall in profit in 2019 to Euro59.9m from Euro103m in 2018. There was a 3.3% decline in sales year-on-year to Euro820m from Euro848m. The company attributed its profit drop to its Marelli Motori acquisition and reorganisation of the Italy-based motor and generator producer. Langley Holdings Chairman Tony Langley said, “The group is now poised for the next phase of its development.”

Germany: Claudius Peters’ revenue rose by 7.5% year-on-year to Euro103m in 2018 from Euro95.6m in 2017. Its orders in hand fell by 31% to Euro56.8m from Euro81.8m. The company said that it remained profitable despite low volumes, with only China exceeding expectations. It also reported that a number of major projects were delayed, mainly in Russia and one in Germany. Overall, company owner Langley Holdings said that despite falling revenue and profit, it had experienced a ‘satisfactory’ year following a record year in 2017.