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Luceco - Delivering at the top end of the range

December 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:
  • 138p
Luceco expects full year adjusted operating profit at the upper end of market expectations. Its Q3 update showed like-for-like revenue accelerating from 0.6% in Q1 to 3.2% in Q2 and c10% in Q3. Overall revenue increased by 19.5%, driven primarily by a standout performance in EV chargers where like-for-like growth was 64%, helped by Luceco recently being awarded the EV charger supply contract for Hive. Profitability strengthened, with operating margin rising by 40 basis points. It also said integration and synergy initiatives across CMD and D-Line are progressing well, with cost efficiencies emerging as production is brought into Luceco’s lower-cost manufacturing structure. Net debt stands at £68.4m for 1.6x gearing. Peel Hunt fore ...

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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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