Half Year 2025 Luceco PLC Earnings Call Transcript
Good morning, everybody, and welcome to Luceco's first-half results presentation for 2025. Thank you, everyone, who is joining on the webcast.
Revenue approximately GBP126 million, up almost 15% on last year. Operating profit of circa GBP14 million, up almost 10% on last year. Adjusted operating margin of 11%. This is slightly down on last year, reflecting the investments we are making in the future growth, especially in the energy transition business.
This is mainly engineering activity, but also further software development. And the benefits of this will start to come through in the second half. Thus, I expect the full year operating margin to be ahead of last year.
As we know, our second half is always significantly stronger for us than the first half. And this year, that will be particularly so. Leverage of 1.6% (sic - see slide 3, "1.6x"), our dividend up almost 6% and EPS slightly ahead of last year.
As I said, first half revenues up almost 15%. This is partly due to M&A, but also extremely strong growth within the
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