Luceco plc (LSE:LUCE) reported a strong opening quarter for 2026, with revenue rising approximately 11% year-on-year by around £68 million. Growth was supported by broad-based demand across the group’s core product portfolio and continued momentum in energy transition-related markets.
Electric vehicle charging remained one of the company’s fastest-growing segments, with revenue in the category increasing by around 80%. Luceco said more than 18,000 EV chargers are now connected to demand flexibility programmes, strengthening its position within the expanding electric vehicle infrastructure market.
The group said disciplined pricing actions helped offset higher commodity costs during the quarter. Meanwhile, bank net debt declined to roughly £66 million, with leverage improving to approximately 1.4 times EBITDA, leaving the balance sheet comfortably within management’s target range and supporting further investment activity and bolt-on acquisitions.
Following trading ahead of expectations and resilient demand across key product categories and geographic markets, Luceco upgraded its outlook for full-year 2026 adjusted operating profit to above £40 million. Management said the improved guidance reflects increased confidence in the company’s growth trajectory despite continuing macroeconomic and geopolitical uncertainty.
The company’s broader outlook is supported by improving financial performance, particularly a strong recovery in cash flow generation and higher operating profit. Valuation metrics also remain attractive, with a relatively low price-to-earnings ratio combined with dividend support. Technical indicators remain positive due to a strong share price trend, although elevated RSI and stochastic readings suggest momentum may be becoming overextended in the near term.
More about Luceco plc
Luceco plc is a UK-listed designer and manufacturer of residential and commercial electrification products and systems. Its portfolio includes wiring accessories, LED lighting, electric vehicle chargers and portable power products, distributed through professional, wholesale and retail channels across multiple international markets.
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