Earnings release
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RNS Number : 9521RLuceco PLC22 July 2025 22 July 2025 LUCECO PLC ("Luceco" or the "Group") H1 2025 TRADING UPDATE Continued momentum with H1 revenue up 15% and adjusted operating profit up 10%. Solid contribution from growing demand in EV charging products. Full year expectations unchanged. Luceco, the leading designer and manufacturer of residential and commercial electrification products and systems, is pleasedto provide the following update for the six months ended 30 June 2025 ("H1 2025" or the "first half"). Continued momentum in H1 2025 · Solid performance in the first half with revenue growth of c.15% to c.£125m driven by the acquisitions of D-Line andCMD, alongside continued strong growth in EV charging products.· Adjusted operating profit margin of c.11% reflecting a slight headwind from seasonality.· Adjusted operating profit expected to be in the region of £13.5m - £13.8m, up approximately 10% on the prior year.· Significant progress with the integration of the 2024 acquisition of CMD into the Group's supply chain, providing a strongplatform for sustainable future growth. Robust balance sheet · Bank Net Debt : EBITDA ratio of c.1.6x, within the targeted range of 1-2x.· New £120m revolving credit facility, providing further balance sheet optionality in line with the Group's stated capitalallocation policy. Full year outlook unchanged, underpinned by Luceco's competitive advantages · Our already limited direct exposure to US/China tariffs has continued to reduce, representing only c.£1m of sales in H1.· The Group continues to see positive momentum in its consumer and retail forward demand indicators.· Operational efficiency continues to improve at Luceco's key manufacturing centre.· The Board's full year expectations remain unchanged, underpinned by the strength of Luceco's market position,manufacturing capability and cash generative business model. Commenting on trading, Chief Executive Officer, John Hornby said: "We are well positioned for another year of encouraging growth and strategic progress, driven by the breadth of our productrange, our established market position, flexible manufacturing capability and the successful integrations of the recentacquisitions of D-Line and CMD. Our robust balance sheet, recent refinancing and good cash generation provide optionalityto invest in the business both organically and through M&A to drive future growth. "While there remains a level of economic uncertainty globally, Luceco's fundamental competitive advantages of strongproduct development, superior channel access, vertically integrated manufacturing and good cash generation, alongside ourincreasing exposure to high growth markets such as residential and commercial energy transition, underpin our confidence indelivering further progress this financial year and beyond." Half Year Results Luceco expects to publish its half year 2025 results statement on Tuesday, 9 September 2025. Luceco plc ContactJohn Hornby, Chief Executive Officer (Via Sodali & Co)Will Hoy, Chief Financial Officer Sodali & Co ContactPete Lambie 079 3535 1934James WhiteTilly Abraham For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement isbeing made on behalf of Luceco plc by Will Hoy, Chief Financial Officer.
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Note to Editors Luceco plc (LSE:LUCE) is a leading designer and manufacturer of residential and commercial electrification products andsystems. The Group designs and manufactures its market-leading range of wiring accessories, EV chargers, LED lighting, andportable power products at its state-of-the-art manufacturing facilities, distributing them through professional, wholesale andretail channels. For more information, please visit www.lucecoplc.com. Forward-looking statements This announcement contains forward-looking statements that are subject to risk factors associated with, among other things,the economic and business circumstances occurring from time to time in the countries, sectors and markets in which theGroup operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by awide range of variables which could cause actual results to differ materially from those currently anticipated. No assurancescan be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of thisannouncement and the Company undertakes no obligation to update these forward-looking statements. Nothing in thisannouncement should be construed as a profit forecast. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a PrimaryInformation Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, pleasecontact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in thiscommunication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS andthe London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END TSTPKDBPCBKDAOB