Offenbach - 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 31st December 2013. 

In the Langley Holdings plc Annual Report & Accounts for 2013, published today, 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, Mr Penuela said that the focus on helping their customers to be more competitive will remain at the centre of the company's strategy.