Luceco PLC Trading Statement (8059V)
February 02 2017 - 1:00AM
UK Regulatory
TIDMLUCE
RNS Number : 8059V
Luceco PLC
02 February 2017
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 via MHP Communications
John Hornby, Chief Executive 020 3128 8100
Officer
David Main, Chief Financial
Officer
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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