Sheetfed delivers profit for manroland

The manroland Sheetfed business is clawing its way back into the black, with Langley Holdings saying it contributed $10m in profits to the Group for the year to December 31.

During the year the company sold around 100 presses worldwide with a total 528 units, a far cry from its heyday but better than the immediate post GFC years. In Australia it sold three sheetfed presses late last year, with installations underway in January, and on the web side made sales totaling $30m.

Steve Dunwell, CEO of manroland Australasia says, “I was actually at the Sheetfed office in Offenbach in January – the mood there is buoyant, they are pleased with the results. They actually achieved slightly more press unit sales than they budgeted for, with a $10m result for the group. So it is a really good turnaround. The company has had a good 2013, and hopefully that will continue in 2014.”

The global sheetfed business is said to have performed in line with expectations. Peter Conrady, head of sales with manroland Sheetfed, says, “We are delighted with this result which was slightly higher than budgeted. We have a turnover in excess of our €300m target with a positive operating profit and this is good news.”

Rafael Penuela, CEO of manroland Sheetfed, adds that the company’s strategy has been to concentrate on its existing customers – focusing on improving their productivity and lowering costs. In 2014 he says the sheetfed business will continue to focus on helping customers to be more competitive.

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