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16 August 2023
Manroland Sheetfed Hits record Profits
OFFENBACH, GERMANY—
Manroland Sheetfed, posted record profit for the first six months, and said the print industry is facing monumental changes. The group recorded profits of €52.2m for the 6 months to June and is forecasting €125m for the full year, on revenues of €1.3bn. The Manroland Sheetfed business was the hardest hit of all Langley’s businesses during the pandemic, but has now gone through a streamlining and factory reorganisation, the results of which the company says will be seen next year.
The company now has 1500 staff, with 900 in Germany and the rest working in the 40 sales and service organisations around the world, which Langley said “made a positive contribution” to the first half results. Chairman and CEO Tony Langley said demand for traditional print media is “dwindling” but said demand for packaging print and other areas are “increasing strongly”, and its Print Technologies Division , which includes Manroland Sheetfed and Druck Chemie, are “adapting and rising to the challenge.”
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