Langley Holdings plc, the diverse engineering and industrial group, today released its IFRS Annual Report & Accounts for 2023. The group reported revenues of €1.21 billion, a slight increase from €1.17 billion the previous year, resulting in a profit before tax (PBT), of €124.9 million, up from €75.7 million in 2022. At the close of 2023, the group’s cash reserves were €290.3 million, net assets €966.0 million and the order book stood at €877.4 million.
Meet us at the “Global Industrie” Trade Show in Paris!
ARO Welding Technologies will be at the 2022 “Global Industrie” Trade Show which is taking place May 17 to 20. The ARO stand will be located in hall 6 – Stand No. 6H74.
Langley completes acquisition of Bergen Engines from Rolls-Royce
Langley Holdings has completed the acquisition of the Norwegian Bergen Engines group from Rolls-Royce for a consideration of €91 million. In addition, €16 million of cash held within Bergen Engines AS, has been retained by Rolls-Royce.
