Claudius Peters parent company, Langley Holdings plc, the diverse engineering and industrial group, published its IFRS Annual Report & Accounts for the year ended 31.12.2018. The Group’s Chairman, Tony Langley, said in his review of the business that despite a slowdown, following successive record profit years, 2018 had been “... another very successful year”.
In the year to 31.12.2018, the group recorded a profit before tax of € 103.5 million versus €111.8 million in 2017. Net assets at the year end were € 722.6 million and cash € 379.5 million - both record highs. In his concluding remarks, Langley says that the group is continuing to seek out further acquisition opportunities “with a solid war chest” available for suitable targets.