manroland sheetfed Reports Profit in 2013, Delivers Over 100 New Presses

OFFENBACH, GERMANY—January 31, 2014—manroland sheetfed, the German press builder rescued from insolvency by British industrialist Tony Langley two years ago next week, has posted a profit in the year to December 31, 2013.

In the Langley Holdings plc Annual Report & Accounts for 2013, manroland sheetfed GmbH is said to have traded in line with expectations to make a small profit on revenues of €314 million, although with internal charges the press builder contributed some €10 million to the group's €91.4 million profit before tax.

The Offenbach company delivered just over 100 new presses or 528 printing units during the year to December. Dr. Peter Conrady, head of sales said: “We are delighted with this result which was slightly higher than budgeted. We have a turnover in excess of our €300 million target with a positive operating profit and this is very good news.”

Speaking via webex in an interview with the European press in December, CEO Rafael Penuela said that the company’s strategy had been to concentrate principally on its existing customers, focusing on improving their productivity and lowering costs. Looking to 2014, Penuela said that the focus on helping their customers to be more competitive will remain at the center of the company's strategy.

About manroland sheetfed GmbH
manroland sheetfed GmbH is a leading German producer of sheetfed offset litho printing presses. Founded in 1871, the company is one of the oldest producers of printing presses in the world. Today, the company has its own subsidiaries in over 40 countries and is a global watchword for supreme quality and reliability. manroland sheetfed GmbH is a wholly-owned subsidiary of the privately-owned UK engineering group, Langley Holdings plc.

About Langley Holdings plc
Langley Holdings plc is a diverse, privately-owned engineering group based in the United Kingdom, with principal operating divisions located in Germany, France and the United Kingdom, and more than 70 subsidiaries worldwide. The group produces capital equipment ranging from electrical systems for data centers, machinery for cement plants, food packaging lines, automotive welding equipment and, most recently, printing presses. The group was founded in 1975 and today employs around 4,000 people globally.

Source: manroland sheetfed.