Luceco plc (GB:LUCE) has released an update.
Luceco plc has reported a strong start to 2024 with a 6.2% increase in Q1 revenue and a 30% rise in adjusted operating profit, reflecting the end of de-stocking pressures from the previous year. The company maintains a robust balance sheet, with a covenant net debt to EBITDA ratio of 0.8x, and proposes a final dividend of 3.2p per share. CEO John Hornby expresses optimism for the latter half of the year, citing improving industry metrics and a strong order book.
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