Acquisitions drive first-half revenue growth for Luceco

(Sharecast News) - Luceco reported a 15% increase in revenue for the first half of 2025 on Tuesday, reaching £125m, supported by recent acquisitions and continued growth in electric vehicle charging products. In a trading update, the London-listed electrical products manufacturer said adjusted operating profit rose by around 10% to between £13.5m and £13.8m, with margins at roughly 11%, reflecting typical seasonal effects.

It cited strong contributions from D-Line and CMD, both acquired in 2024, and noted significant progress in integrating CMD into its supply chain.

"We are well positioned for another year of encouraging growth and strategic progress, driven by the breadth of our product range, our established market position, flexible manufacturing capability and the successful integrations of the recent acquisitions of D-Line and CMD," said chief executive John Hornby.

He added that the group's "robust balance sheet, recent refinancing and good cash generation provide optionality to invest in the business both organically and through mergers and acquisitions to drive future growth."

The company said it maintained a bank net debt-to-EBITDA ratio of around 1.6x, within its target range, and recently secured a new £120m revolving credit facility.

Full-year expectations remained unchanged, with the board pointing to improving operational efficiency, limited exposure to US-China tariffs, and strong forward demand indicators as key supports for its outlook.

At 1047 BST, shares in Luceco were up 1.14% at 141.4p.

Reporting by Josh White for Sharecast.com.