Luceco’s H1 trading update has shown revenue growth of 15% to £125m and an adjusted operating profit margin of c.11% at £.13.5-£13.8m. This has been driven by the prior year acquisitions of D-Line and CMD and ongoing strength in the smaller, but rapidly growing, EV charging segment. This is a solid performance against a weak economic backdrop in the UK as the company continues to execute its longer-term goals and progresses the integration of the acquisitions. Management have reiterated guidance for the year, and the company remains on track to meet our full year forecasts, particularly given the usual H2 sales weighting.
