Luceco leaves annual outlook unchanged as interim revenue grows 15%
Luceco PLC on Tuesday announced a climb in interim adjusted operating profit and revenue, noting a positive momentum in its consumer and retail forward demand indicators.
The London-based lighting manufacturer and distributor said operational efficiency continued to improve at its key manufacturing centre, as revenue grew 15% on-year in the first half of 2025 to £125 million.
Adjusted operating profit is anticipated between £13.5 million and £13.8 million, up around 10% from a year ago. The adjusted operating profit margin is expected at around 11%, compared to 11.5% it had reported a year prior. This reflected a slight headwind from seasonality, the firm said.
Luceco added that its ‘already limited’ exposure to US/China tariffs continued to reduce, representing about £1 million of sales in the first half of 2025.
Looking ahead, Chief Executive Officer John Hornby said: ‘While there remains a level of economic uncertainty globally, Luceco’s fundamental competitive advantages of strong product development, superior channel access, vertically integrated manufacturing and good cash generation, alongside our increasing exposure to high growth markets such as residential and commercial energy transition, underpin our confidence in delivering further progress this financial year and beyond.’
The company expects to release half-year results on September 9.
Luceco shares rose 1.1% to 141.40 pence each on Tuesday afternoon in London.
Copyright 2025 Alliance News Ltd. All Rights Reserved.