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Luceco plc ( (GB:LUCE) ) has shared an update.
Luceco plc reported strong financial results for 2024, with revenue increasing by 16% to £242.5 million and adjusted operating profit rising by 20.8% to £29 million. The company experienced significant growth in its EV product offerings and DIY retail sector, despite challenging infrastructure markets. Strategic acquisitions of D-Line and CMD have bolstered Luceco’s market position, and the company remains optimistic about continued growth in 2025, supported by easing UK interest rates and a robust product pipeline.
More about Luceco plc
Luceco plc is a supplier of wiring accessories, EV chargers, LED lighting, and portable power products. The company focuses on providing innovative solutions to the DIY retail sector and infrastructure markets, with a strong emphasis on expanding its market share in the electric vehicle charging and home energy management systems spaces.
YTD Price Performance: 16.20%
Average Trading Volume: 209,441
Technical Sentiment Signal: Sell
Current Market Cap: £218.9M
For a thorough assessment of LUCE stock, go to TipRanks’ Stock Analysis page.