Luceco PLC
LSE:LUCE
Luceco PLC
Luceco plc manufactures and distributes light-emitting diode lighting products and wiring accessories. The firm supplies trade distributors, retailers, wholesalers and project developers with a range of products, which include British General (BG), Luceco and Kingfisher Lighting, and Masterplug. The BG is a wiring device, which includes switches and sockets, circuit protection and cable management products. The Luceco and Kingfisher Lighting is an energy’s internal and external LED lighting products and accessories. The Masterplug provides cable reels, extension leads, surge protection, timers and adaptor products.
Luceco plc manufactures and distributes light-emitting diode lighting products and wiring accessories. The firm supplies trade distributors, retailers, wholesalers and project developers with a range of products, which include British General (BG), Luceco and Kingfisher Lighting, and Masterplug. The BG is a wiring device, which includes switches and sockets, circuit protection and cable management products. The Luceco and Kingfisher Lighting is an energy’s internal and external LED lighting products and accessories. The Masterplug provides cable reels, extension leads, surge protection, timers and adaptor products.
Revenue Growth: Revenue reached approximately GBP 126 million, up almost 15% year-on-year, with strong contributions from M&A and exceptional growth in the EV category.
Profit & Margins: Operating profit was circa GBP 14 million, up almost 10% on last year, while adjusted operating margin was 11%, slightly down due to strategic investments, but expected to be ahead for the full year.
Guidance & Outlook: Management expects a stronger second half, reiterating full year operating margin will be ahead of last year and organic like-for-like growth could approach a 5% target.
Acquisitions & Integration: Recent acquisitions (CMD and D-Line) contributed significantly to revenue and are delivering targeted synergies, especially through supply chain integration.
EV & Energy Transition: EV charger sales grew over 90% in H1 2025 to GBP 8.3 million. New contracts, such as with Hive (Centrica), and innovations like the Link charger and home battery solution, are seen as key drivers.
Dividend & EPS: Interim dividend increased by almost 6% to 1.8p; earnings per share improved by 3.5%.
Market Conditions: Market environment remains lackluster but Luceco continues to outperform, with strong market share gains and improving trends in Q3.
Cash Flow & Leverage: Leverage is at 1.6x, within the company’s 1x–2x policy, and working capital and cash flow remain well managed.
