Luceco trading in line with expectations after 'strong first quarter'

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LED lighting maker Luceco has seen a rise in both revenues and operating profits.

The Telford-based business, a supplier of wiring accessories, EV chargers, LED lighting, and portable power products, said 2024 quarter one revenue was £51m, up 6.2 per cent year on year and 4.5 per cent on a like-for-like basis.

The company also saw adjusted operating margin improvement year on year, driven by strong operational leverage. Chief Executive Officer, John Hornby said:"Luceco has performed strongly in the first quarter of the year and we are trading comfortably in line with expectations.

 

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