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Luceco plc ( (GB:LUCE) ) just unveiled an announcement.
Luceco plc reported a strong financial performance for the year ending December 2024, driven by high demand in the final quarter and impressive growth in its Residential RMI and EV Charger divisions. The company expects its full-year revenue to reach around £240 million, exceeding market expectations, with a notable increase in adjusted operating profit. Despite challenging economic conditions, Luceco achieved organic growth and effectively integrated its recent acquisitions, contributing to its robust balance sheet and positioning it well for future growth in 2025.
More about Luceco plc
Luceco plc is a supplier specializing in wiring accessories, electric vehicle (EV) chargers, LED lighting, and portable power products. The company operates in the electrical product industry, focusing on providing innovative solutions to both trade and retail markets.
YTD Price Performance: -0.78%
Average Trading Volume: 232,776
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £196.4M
For a thorough assessment of LUCE stock, go to TipRanks’ Stock Analysis page.
