Last checked at 2 Feb 2017 07:00
2 February 2017
Luceco plc("The Group")
Trading Update
Luceco plc, a manufacturer and distributor of high quality and innovative LED lighting products and wiring accessories, issues a trading update for the year ended 31 December 2016 following its successful IPO on 20 October 2016.
The Board is pleased to confirm that the Group continued to trade well during the period and results for the full year will be in line with market expectations.
Trading across the Group since the period end has remained strong and Luceco has entered the new financial year with significant momentum.
As outlined at the time of the Group's IPO, the Board believes the Group's innovative and expanding product range, strong market positions and ongoing investment in product and channel development mean it is well placed to deliver continued revenue and profit improvements.
-ENDS-
Further enquiries:
For further information, please contact
Luceco plc John Hornby, Chief Executive Officer David Main, Chief Financial Officer
| via MHP Communications 020 3128 8100 |
MHP Communications Tim Rowntree James White Rossina Garcia | 020 3128 8100 |
Notes to Editors:
Luceco is a rapidly growing manufacturer and distributor of high quality and innovative LED lighting products and wiring accessories for a global customer base.
The Group supplies trade distributors, retailers, wholesalers and project developers with a wide range of products which broadly fall into the following market recognised brands:
- Luceco: energy efficient LED lighting products and associated accessories;
- British General (BG): wiring accessories (including switches, sockets), circuit protection and cable management products;
- Masterplug: cable reels, extension leads, surge protection, timers and adaptor products; and
- Ross: television wall mounts, audio visual accessories and other items.
The Luceco LED lighting brand continues to benefit from the disruptive shift away from mature lighting technologies as a result of the material advancement in LED technology in recent years. The brand has continued to successfully leverage the Group's existing customer base and low cost Chinese manufacturing facility. Consequently, it remains well positioned to build on its impressive organic growth trajectory to date.
In the electrical wiring accessories market, Luceco's BG and Masterplug brands have continued to reinforce their market leading positions through further new product development initiatives, expanding into new product adjacencies and gaining market share.