2020 Annual Report & Accounts available for download
February 24, 2021Langley Holdings plc, the diverse engineering and industrial group, today published its IFRS Annual Report & Accounts for the year ended 31 December 2020.
In the year to 31 December 2020, the group recorded a profit before tax and non-recurring items of €28.6 million on revenues down 11% on 2019 at €766.8 million.
Consolidated cash at year end was €288 million, up by almost €50 million on Y/E 2019. The group has nil debt.
Net assets at the year-end were virtually static at €707.1 million due to negative FX effects on non-euro assets.
“2020 was a year like no other” said Mr Tony Langley in his Chairman’s Review of the business and that the group had “…successfully navigated the single most challenging economic and social phenomena in living memory.“
