Luceco (LON:LUCE) Issues Quarterly Earnings Results

Luceco (LON:LUCE) issued its quarterly earnings data on Tuesday. The company reported GBX 4.60 EPS for the quarter, Digital Look Earnings reports. Luceco had a net margin of 7.15% and a return on equity of 19.62%.

Here are the key takeaways from Luceco’s conference call:

• Strong first-half performance: Revenue rose 13.4% to £142.6 million and adjusted operating profit increased 14.5% to £15.8 million, with growth across all segments, sales channels, and geographies.
• Energy transition is driving growth: Energy transition revenue more than doubled, up 119.5%, while Portable Power contributed £2.3 million of incremental operating profit. The company also expects adjusted operating profit for the full year to be ahead of market expectations.
• Growth pipeline and balance sheet support expansion: Luceco is developing products including high-power DC, vehicle-to-grid, and smart portable EV chargers, while leverage remained comfortable at 1.5x EBITDA with £44.4 million of undrawn facilities for organic investment and bolt-on acquisitions.
• Cash flow and working capital were weaker in the first half: Adjusted free cash flow was a £2.1 million outflow, inventory days increased to 145, and management expects second-half cash generation to be lower than in 2025 because of accounts-receivable timing.
• The new CEO identified focus and capital allocation, process excellence, and organizational structure as near-term priorities, while noting that geopolitical events could delay significant investment projects in the Middle East during the second half.

Luceco Stock Performance

LON LUCE traded down GBX 1 during trading hours on Thursday, reaching GBX 220. 216,606 shares of the company were exchanged, compared to its average volume of 797,898. The stock has a market capitalization of £323.82 million, a P/E ratio of 16.42, a P/E/G ratio of 0.62 and a beta of 1.34. The company has a quick ratio of 1.51, a current ratio of 2.16 and a debt-to-equity ratio of 78.23. Luceco has a 1 year low of GBX 123.20 and a 1 year high of GBX 291. The business’s 50 day simple moving average is GBX 228.42 and its 200-day simple moving average is GBX 228.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 300 price target on shares of Luceco in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft downgraded shares of Luceco to a “hold” rating and set a GBX 260 target price for the company. in a research note on Wednesday, July 29th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 price target on shares of Luceco in a research report on Tuesday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 320 price target on shares of Luceco in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 295.

Insider Activity at Luceco

In other Luceco news, insider John Hornby sold 505,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of GBX 224, for a total transaction of £1,131,200. Also, insider Janet Ryan purchased 3,706 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were purchased at an average cost of GBX 270 per share, with a total value of £10,006.20. 23.25% of the stock is currently owned by corporate insiders.

Luceco Company Profile

Luceco plc manufactures and distributes wiring accessories and LED lighting and portable power products in the United Kingdom, Europe, the Middle East, the Americas, the Asia Pacific, and Africa. It offers wiring accessories, including switches and sockets, circuit protection products, outdoor wiring devices, junction boxes, cable management products, and commercial power and accessories under the British General and Nexus brands. The company also provides LED lighting products, such as residential and commercial, interior and exterior, mains and solar, and work and site lighting products under the Luceco, Kingfisher Lighting, and DW Windsor brand names; and portable power products comprising electric vehicle chargers, extension leads, cable reels, and adapters and accessories under the Masterplug, Ross, and Sync EV brands.