Luceco PLC AGM Trading Update (1504G)
May 25 2017 - 1:00AM
UK Regulatory
TIDMLUCE
RNS Number : 1504G
Luceco PLC
25 May 2017
25 May 2017
Luceco plc
("the Group")
AGM Trading Update
Luceco plc, a manufacturer and distributor of high quality and
innovative LED lighting products, wiring accessories and portable
power products, is issuing the following trading update ahead of
the Annual General Meeting held later today.
The momentum reported at the Group's full year results has
continued with significant year on year growth in revenue and
profit. Growth has been driven by strong market share gains within
the key brands in the UK and other newer markets, and the ongoing
expansion of the product ranges.
While the key autumn trading period is still to come, the board
has confidence in the year ahead and now expects the Group's full
year results to be marginally ahead of current market
expectations.
-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
Ollie Hoare 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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