21 May 2025 - trading update
The wiring accessories group Luceco has issued a positive trading statement for the three months to 31 March with revenues rising by 19% compared with the previous year to £61m. Gross margins remained healthy and adjusted operating profit rose 8% helped by improved manufacturing efficiency. The group expects the impact from tariffs to be minimal and the company therefore has left full year expectations unchanged. We therefore expect full year adjusted pre-tax profits of £26m for earnings per share of 13.2p. A prospective P/E ratio of just 11.4x looks too low . . .
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