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Luceco PLC
Investor Relations

Luceco PLC makes and sells everyday electrical products for homes, businesses, and building projects. Its range includes LED lighting, wiring accessories such as sockets and switches, portable power products, cable management, and related electrical items. The company mainly sells branded products under names such as Luceco, BG, and Masterplug. Its customers are electrical wholesalers, trade contractors, builders, retailers, and home-improvement chains. Luceco makes money by designing or sourcing these products, then selling them through distributors and direct supply channels. In practice, it sits in the middle of the electrical supply chain, turning standard hardware into recognizable consumer and trade brands. What makes Luceco different is that it is not a utility or an installer; it is a product company focused on the small parts that electricians and consumers buy repeatedly. That gives it a business based on broad everyday demand rather than one-off projects. Its role is to supply practical, branded electrical equipment that is easy to stock, install, and replace.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Sep 9, 2025
AI Summary
Q2 2025

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.

Key Financials
Revenue
GBP 125.7 million
Operating Profit
circa GBP 14 million
Adjusted Operating Margin
11%
Gross Margin
42%
Interim Dividend
1.8p
Leverage
1.6x
EV Charger Sales
GBP 8.3 million
Like-for-like Growth
2%
Bank Net Debt
GBP 68 million
Earnings Call Recording
Other Earnings Calls
2025
2022

Management

Mr. Jonathan Hornby
CEO & Executive Director
No Bio Available
Mr. William James Hoy
CFO & Executive Director
No Bio Available
Mr. Ian Pritchard
Group Financial Controller
No Bio Available
Robin Willis
Company Secretary
No Bio Available

Contacts

Address
London
103 Baker Street
Contacts
+441952238100.0
www.luceco.com
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