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Luceco

April 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LUCE
  • Price:
  • 114.5p
Luceco has reported a strong start to FY25, continuing the acceleration seen in Q4. This was down to a combination of particularly strong sales growth in residential RMI, the EV charging business performing exceptionally well and of course, the two acquisitions also completed in the year (D-Line in Feb and CMD in Sept). Overall sales for FY24 were up 16% to  £242.5m. Strip out the acquisitions and like-for-like revenue was up 5.8% against a market decline of 2.4%. Operating profit grew 21% to £29m reflecting strong revenue growth and operating leverage. Margins expanded by 50bps to 12%, helped by better volume, positive mix shifts and efficiencies. EPS grew 13% to 12.5p from 11.1p. A standout was Portable Power, which grew ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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