Luceco PLC (CHIX:LUCEl)
£ 1.42 +0.022 (+1.57%) Market Cap: 209.59 Mil Enterprise Value: 284.29 Mil PE Ratio: 14.95 PB Ratio: 2.25 GF Score: 84/100
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Full Year 2024 Luceco PLC Earnings Call Transcript

Mar 26, 2025 / 09:30 AM GMT
Release Date Price: £1.46 (-3.45%)

Key Points

Positve
  • Luceco PLC (FRA:2LC) reported a 16% increase in revenue on a like-for-like basis, significantly outperforming a market that was down by 2.5%.
  • Operating profit improved by over 20%, reaching £29 million, with an increase in operating margin by 0.5 points.
  • The company's residential EV charging business saw substantial growth, with sales up 100% in Q1 of the current year.
  • Luceco PLC successfully integrated acquisitions made in 2024, contributing to revenue growth and providing scope for further M&A activities.
  • Strong cash generation has enabled the company to complete five acquisitions in the last six years, with plans for continued M&A activity.
Negative
  • The infrastructure-led outdoor LED business struggled in 2024, partly due to local authority funding issues.
  • House building, which constitutes about 5% of total revenue, took a significant hit in 2024, impacting the company's performance.
  • Sea freight challenges, particularly in the Red Sea, led to increased costs and affected inventory management.
  • The US dollar posed a revenue headwind, impacting sales by over £2.5 million due to unfavorable exchange rates.
  • The company's tax rate increased to just under 23% in 2024, reflecting a higher UK corporate tax rate and additional UK-based acquisitions.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LUCEL.L - Luceco PLC
Full Year 2024 Luceco PLC Earnings Call
Mar 26, 2025 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good Morning everybody, and welcome to the Lucio for your results, for 2024.

Thank you for attending this meeting and all those online, thank you for attending also.

And we had a good year last year. It was the 1st year that the business began to emerge from the shadow of the pandemic.

I think we underestimated at the time quite the impact that pandemic would have both in terms of the extraordinary upside we enjoyed.

In the pandemic, but then the hangover subsequently has taken quite a while to work through, and I think last year was the 1st year that the business returned to something like normality.

Our revenue is up 16% on a like for like basis, that's up almost 6% in a market which, and I'll
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