Luceco (LON:LUCE) Releases Earnings Results

Luceco (LON:LUCE) posted 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

Luceco stock opened at GBX 216.16 on Friday. The company has a market cap of £318.17 million, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 0.62 and a beta of 1.34. Luceco has a 12 month low of GBX 126 and a 12 month high of GBX 291. The company has a debt-to-equity ratio of 78.23, a current ratio of 2.16 and a quick ratio of 1.51. The stock’s 50-day moving average is GBX 227.51 and its 200-day moving average is GBX 228.63.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LUCE. Jefferies Financial Group restated a “buy” rating and issued a GBX 320 target price on shares of Luceco in a report on Monday, August 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 price target on shares of Luceco in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered shares of Luceco to a “hold” rating and set a GBX 260 price target on the stock. in a report on Wednesday, July 29th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 300 price objective on shares of Luceco in a research note on Monday, August 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Luceco currently has an average rating of “Moderate Buy” and an average price target of GBX 295.

Insider Transactions at Luceco

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