REG - Luceco PLC - Q3 2025 Trading Update

LucecoAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251111:nRSK9350Ga&default-theme=true

RNS Number : 9350G  Luceco PLC  11 November 2025

11 November 2025

 

LUCECO PLC

 

Q3 2025 TRADING UPDATE

 

 

 Strong Q3 performance with double digit growth driven by continued EV charger
 momentum

 Full year profitability to be towards the upper end of market expectations

 

Luceco, the leading designer and manufacturer of residential and commercial
electrification products and systems, is pleased to provide the following
update for the three months ended 30 September 2025 ("Q3 2025" or the "third
quarter" or the "quarter").

 

 

Third sequential quarter of growth:

 

·   Revenue up 19.5% in Q3 2025, with EV charging products continuing to be
a key driver:

o  Like-for-like revenue growth of c.10% against a relatively soft
comparative period;

o  EV charging like-for-like revenue growth remains very strong at 64%; and

o  Encouraging growth in most other categories

·   Year-to-date like-for-like growth of +c.5% reflecting a sequentially
improving trend:

o  Q1: +0.6%, Q2: +3.2%, Q3: +c.10% (like-for-like)

·    Operating margin increased 40bps in Q3 2025 compared with Q3 2024

 

Robust balance sheet providing headroom for further investment:

 

·    Bank Net Debt at the end of Q3 2025 of £68.4m, giving a Bank Net
Debt:EBITDA leverage ratio of 1.6x, comfortably within the Group's target
leverage range of 1-2x

·    Strong balance sheet and cash flow generation provides optionality to
invest organically and through M&A, in line with the Group's stated
capital allocation policy

 

Full year profitability now expected to be towards the upper end of market
expectations:

·    Revenue growth achieved in the year-to-date, combined with a strong
order book for Q4 2025, means full-year adjusted operating profit is now
expected to be towards the upper end of market expectations(1)

·    The Group's confidence is underpinned by the strength of Luceco's
market position, manufacturing capability and cash generative business model

·    CMD and D-Line synergy projects are progressing, driven by cost
efficiency benefits through their integration to our lower cost manufacturing
capabilities

·    Operational efficiency also continues to improve at Luceco's key
manufacturing centre

 

Commenting on the Q3 2025 performance, Chief Executive Officer, John Hornby
said:

 

"Luceco's sustainable competitive advantages of superior channel access, agile
product innovation capabilities, and vertically integrated manufacturing have
supported double-digit revenue growth in the third quarter.  As a result,
Luceco is on track to achieve another year of strong revenue and profit growth
and our profit expectations for the full year will now be towards the upper
end of market expectations.

 

"During the quarter, our EV product offering remained in strong demand and our
Link EV Chargers are now stocked through our market-leading distribution
channels.  Longer term, Luceco remains well positioned to deliver above
market growth, driven by a combination of the structural opportunities from
electrification, our sustainable competitive advantages and our clear,
consistent strategy."

 

(1) Company-compiled analyst consensus as at 10 November 2025, is for full
year 2025 Adjusted Operating Profit of £31.2m, with a range of £30.5m -
£32.5m

 

 Luceco plc                            Contact
 John Hornby, Chief Executive Officer  (Via Sodali & Co)
 Will Hoy, Chief Financial Officer

 Sodali & Co                           Contact
 James White                           07855432699 / 079 3535 1934

 Pete Lambie

 Tilly Abraham

 

 

For the purposes of MAR and Article 2 of Commission Implementing Regulation
(EU) 2016/1055, this announcement is being made on behalf of Luceco plc by
Will Hoy, Chief Financial Officer.

 

Note to Editors

 

Luceco plc (LSE:LUCE) is a leading designer and manufacturer of residential
and commercial electrification products and systems. The Group designs and
manufactures its market-leading range of wiring accessories, EV chargers, LED
lighting, and portable power products at its state-of-the-art manufacturing
facilities, distributing them through professional, wholesale and retail
channels.

 

 

For more information, please visit www.lucecoplc.com
(https://protect.checkpoint.com/v2/___http:/www.lucecoplc.com___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzoxOTNlNDlhMDUwZTAwYWRhZDA4ZTViZjQzYzMyNmM4ODo2OmE4YmU6OTYwMjE1YzE2YzEyY2NkN2UwZWIzYTZmOTk1MWQ1YWE4MDhmYzJjMjk5YWI5MzlmMjM4NjRjZTAxNzlmZWMzMTpwOlQ6Tg)
.

 

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 the Group operates. It is believed that the expectations
reflected in these statements are reasonable, but they may be affected by a
wide range of variables which could cause actual results to differ materially
from those currently anticipated. No assurances can 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 this announcement and the Company
undertakes no obligation to update these forward‑looking statements. Nothing
in this announcement 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 Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTFFUFMSEISELF



            Copyright 2019 Regulatory News Service, all rights reserved