Tillkännagivande • Jun 18
Luceco PLC Announces Appointment of Andrew Mines as Independent Non-Executive Director, Effective August 1, 2026 Luceco PLC had announced the appointment of Andrew Mines as an Independent Non-Executive Director, effective from August 1, 2026. Andrew is an experienced FTSE 100 executive who is currently Managing Director of the Electric Thermal Solutions division of Spirax Group plc. He joined Spirax in 2019, initially as Managing Director of Watson-Marlow Fluid Technology Solutions business. Andrew brings broad international industrial experience, having previously spent 23 years at Illinois Tool Works Inc. (ITW), the S&P 500 global multi-industrial manufacturer. He was latterly Executive Vice President, Global Construction Products, where he was also a member of the ITW's executive leadership team. Recent Insider Transactions • May 28
CEO & Executive Director recently sold €3.1m worth of stock On the 26th of May, Jonathan Hornby sold around 1m shares on-market at roughly €3.11 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jonathan's only on-market trade for the last 12 months. Tillkännagivande • May 22
Luceco plc Approves Final Dividend Luceco plc announced that its AGM held on May 19, 2026, approved to pay a final dividend of 4.2 pence per share. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.12, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 27x in the Electrical industry in Germany. Total returns to shareholders of 156% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.82 per share. Buy Or Sell Opportunity • Apr 08
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to €2.26. The fair value is estimated to be €1.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. Tillkännagivande • Apr 02
Luceco plc Announces Changes in Directorate Roles and Responsibilities, Effective March 31, 2026 Luceco plc announced the following changes in directorate roles and responsibilities. Following a review by the Board, Tim Surridge is no longer deemed to be independent due to his length of tenure. He will remain on the Board as a non-executive director in order to facilitate an orderly handover of his Remuneration Committee Chair responsibilities. The following changes will be made to the Board Committees with immediate effect from 31 March 2026: Audit Committee: Tim Surridge to step down as a member. Nomination Committee: Janet Ryan to join as a member. Remuneration Committee: Tim Surridge to resign as Chair and a member. Martyn Coffey to be appointed as Chair. The composition of the Board Committees following these changes is as follows: Audit Committee: Janet Ryan (Chair), Julia Hendrickson, Pim Vervaat. Nomination Committee: Giles Brand (Chair), Caroline Brown, Janet Ryan, Pim Vervaat. Remuneration Committee: Martyn Coffey (Chair), Caroline Brown, Julia Hendrickson, Pim Vervaat. Disclosure Committee: Giles Brand (Chair), John Hornby, Will Hoy. Declared Dividend • Mar 29
Final dividend of UK£0.042 announced Shareholders will receive a dividend of UK£0.042. Ex-date: 9th April 2026 Payment date: 22nd May 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 39% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Mar 27
Luceco plc Proposes Final Dividend for the Year Ended 31 December 2025, Payable on 22 May 2026 Luceco plc announced the board proposed to pay a final dividend of 4.2 pence per share for the year ended 31 December 2025, taking the full-year dividend to 6.0 pence per share, representing a payout of 40% of earnings. If approved at the Annual General Meeting, the final dividend will be paid on 22 May 2026 to shareholders on the register on 10 April 2026. The ex-dividend date will be 9 April 2026. Annual General Meeting is 19 May 2026. Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: UK£0.14 (vs UK£0.095 in FY 2024) Full year 2025 results: EPS: UK£0.14 (up from UK£0.095 in FY 2024). Revenue: UK£271.4m (up 12% from FY 2024). Net income: UK£20.3m (up 39% from FY 2024). Profit margin: 7.5% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Mar 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to €1.91. The fair value is estimated to be €1.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 3.8%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Buy Or Sell Opportunity • Feb 12
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to €1.98. The fair value is estimated to be €1.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 3.8%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.79, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 27x in the Electrical industry in Germany. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.61 per share. Tillkännagivande • Jan 29
Luceco plc Provides Earning Guidance for the Full Year 2026 Luceco plc provided earning guidance for the full year 2026. Strong sales momentum entering 2026 and increasingly significant exposure to structural growth in the energy transition sector underpins outlook. The Board is increasing its revenue and Adjusted Operating Profit expectations for 2026 to comfortably exceed current market consensus. Board Change • Nov 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Janet Ryan was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 09
Luceco plc to Report Fiscal Year 2025 Results on Mar 24, 2026 Luceco plc announced that they will report fiscal year 2025 results on Mar 24, 2026 Tillkännagivande • Jul 22
Luceco plc Announces Board and Committee Changes, Effective 21 July 2025 The Board of Luceco plc announced that Janet Ryan will replace Tim Surridge as Chair of the Audit Committee on 21 July 2025. Tim Surridge will remain on the Board and continue to be a member of the Audit Committee. Janet is a management accountant with considerable experience in international industrial and manufacturing businesses. Most recently, she held the position of Group Finance Director at AB Sugar, a highly complex global division of Associate British Foods plc. Previously, Janet held senior leadership roles both in the UK and overseas with Victrix plc, Cabot Corporation, Huntsman Corporation and ICI plc. Janet is currently the Audit Chair of Scott Bader, an independent member of the Audit Committee for Cancer Research UK and a Trustee for Community Integrated Care. Tillkännagivande • May 22
Luceco plc Approves Final Dividend Luceco plc at its AGM held on May 20, 2025 approved final dividend of 3.3 pence per ordinary share. Tillkännagivande • Oct 02
Luceco plc (LSE:LUCE) acquired CMD Limited from Rubicon Partners V SCSp, a fund managed by Rubicon Partners for £30 million. Luceco plc (LSE:LUCE) acquired CMD Limited from Rubicon Partners V SCSp, a fund managed by Rubicon Partners for £30 million on September 30, 2024. The transaction will be financed through senior debt of £40 million. CMD senior management team which will remain with the business, continuing to operate from its headquarters in Rotherham. For the period ending December 31, 2023, CMD Limited reported total revenue of £23.1 million and EBITDA of £4 million.
Luceco plc (LSE:LUCE) completed the acquisition of CMD Limited from Rubicon Partners V SCSp, a fund managed by Rubicon Partners on September 30, 2024. Tillkännagivande • Sep 10
Luceco plc Announces Interim Dividend, Payable on 25 October 2024 The Board of Luceco plc will pay an interim dividend of 1.7 pence per share, up 6.3% over the prior year. This will be paid to shareholders on 25 October 2024 who are on the register on 20 September 2024 and the last day for dividend reinvestment (DRIP) elections is 4 October 2024. This compares to a 1.6 pence interim dividend in 2023. Tillkännagivande • Jul 23
Luceco plc Provides Earning Guidance for the Full Year 2024 Luceco plc provided earning guidance for the full year 2024. The Board is encouraged by the strong start to the year with performance expectations for the full year in line with market expectations. Tillkännagivande • Jun 18
Luceco plc Appoints Janet Ryan as a Non-Executive Director and a Member of Audit Committee, Effective 1 July 2024 The Board of Luceco plc announced the appointment of Janet Ryan as a Non-Executive Director with effect from 1 July 2024. Janet is a management accountant with considerable experience in international industrial and manufacturing businesses. Most recently, she has been Group Finance Director at AB Sugar, part of Associated British Foods. Previously, she has held leadership roles with Cabot Corporation, ICI and Victrex, and has led a number of acquisitions across her successful finance career. Janet is an independent member of the Audit Committee for Cancer Research UK, and a Trustee for Community Integrated Care. Janet will become a member of the Audit Committee with effect from 1 July 2024. Tillkännagivande • May 15
Luceco plc Declares Final Dividend Luceco plc at its Annual General Meeting held on 14 May 2024, declared a final dividend of 3.2 pence per ordinary share. Tillkännagivande • Mar 01
Luceco plc acquired D-Line (Europe) Ltd £12.4 million. Luceco plc acquired D-Line (Europe) Ltd. on for £12.4 million on March 01, 2024. The consideration will be paid in an initial cash consideration of £8.6 million, with another £3.8 million to be paid if the firm secures a “transformational” new business win and if certain working capital balances.
Luceco plc completed the acquisition of D-Line (Europe) Ltd. for on March 01, 2024. Tillkännagivande • Jan 30
Luceco plc Provides Earnings Guidance for the Year 2023 Luceco plc provided earnings guidance for the year 2023. The Group expects to report full year 2023 revenue of £209 million. New Risk • Oct 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Oct 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Julia Hendrickson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.38, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electrical industry in Europe. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.19 per share. Tillkännagivande • May 11
Luceco plc Approves Final Dividend Luceco plc at its AGM held on May 10, 2023 approved final dividend of 3.0 pence per ordinary share. Tillkännagivande • May 10
Luceco plc Proposes Final Dividend, Payable on 19 May 2023 Luceco plc proposing to pay a final dividend of 3.0p, subject to approval at the AGM This final dividend takes the full-year dividend to 4.6p representing a payout of 41% of 2022 earnings and 100% increase on 2019. The final dividend will be paid on 19 May 2023 to shareholders on the register on 11 April 2023. Upcoming Dividend • Mar 30
Upcoming dividend of UK£0.03 per share at 3.7% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €1.16, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Electrical industry in Germany. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.11 per share. Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: UK£0.071 (vs UK£0.18 in FY 2021) Full year 2022 results: EPS: UK£0.071 (down from UK£0.18 in FY 2021). Revenue: UK£206.3m (down 9.6% from FY 2021). Net income: UK£11.0m (down 59% from FY 2021). Profit margin: 5.3% (down from 12% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 50% After last week's 50% share price gain to €1.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 24x in the Electrical industry in Germany. Total returns to shareholders of 7.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.36 per share. Tillkännagivande • Jan 19
Luceco plc Provides Earnings Guidance for 2022 Full Year Luceco plc provided earnings guidance for 2022 full year. For the period, the Group expects to report full year revenue of £206 million.