Luceco’s trading update has highlighted continued strength into the year-end across categories, leading to updated guidance towards the higher end of expectations. This is a positive update from management, who have struck a more cautious tone throughout the year, having successfully navigated a difficult domestic economic backdrop. The EV charging segment, up 64% year on year, has been highlighted as a particular driver for ongoing growth, and we expect to see this continuing into 2026. We have upgraded our full-year forecasts to reflect this update, and our central case valuation remains unchanged at 222p.