UK's Luceco H1 revenue rises on Energy Transition growth
UK's Luceco H1 revenue rises on Energy Transition growth
Overview
UK electrification products maker's H1 2026 revenue grew 13.4% yr/yr, driven by Energy Transition
Adjusted operating profit for H1 2026 rose 14.5% yr/yr, with margin slightly improved
Company expects full-year adjusted operating profit to be ahead of market expectations
Outlook
Luceco expects 2026 adjusted operating profit to be ahead of market expectations
Company says recurring revenue from Demand Flexibility will grow with EV charger base
Company expects further margin progress in the second half despite input cost headwinds
Result Drivers
ENERGY TRANSITION - Co said 119.5% yr/yr growth in Energy Transition products, including EV chargers and Demand Flexibility, was the main driver of revenue and profit growth
CHANNEL PERFORMANCE - Professional Wholesale channel grew 33.7% yr/yr, driven by EV charger sales; Retail and Hybrid channels grew 8.7% on like-for-like basis
OPERATING EFFICIENCY - Co said margin improvement was achieved despite input cost headwinds, through disciplined pricing, operational efficiency and volume leverage
Company press release: ID:nRSV6620Va
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Income |
| GBP 6.90 mln |
|
H1 Net Debt |
| GBP 69.60 mln |
|
H1 Operating Profit |
| GBP 11.60 mln |
|
H1 Pretax Profit |
| GBP 9.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Luceco PLC is GBp300.00, about 27.7% above its September 21 closing price of GBp235.00
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)