Luceco plc (GB:LUCE) has released an update.
Luceco plc reported a robust financial performance for the first half of 2024, with a revenue increase of 8.4% and a 17% rise in adjusted operating profit, maintaining a strong outlook that aligns with full-year expectations. The company has successfully integrated a recent acquisition and continues to explore more M&A opportunities, whilst also launching new products in the growing EV charging market. Overall, Luceco has demonstrated resilience and growth despite challenging market conditions, partly due to market share expansion and product diversification.
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