Q3 2026 Trading Update

Luceco PLC

27 October 2026

 

27 October 2026

LUCECO PLC

Q3 2026 TRADING UPDATE

Excellent trading momentum sustained in Q3 with revenue growth of 17% and Adjusted Operating Profit improvement of 60%

Luceco plc (“Luceco” or the “Group”), the leading designer and manufacturer of residential and commercial electrification products and systems, provides the following trading update for the three months ended 30 September 2026 (“Q3” or the “third quarter”).

Continued excellent trading momentum against a strong prior year comparative

• Revenue in Q3 was 17.0% higher on a like-for-like basis, driven by Energy Transition and core activity growth:
• Year-on-year Q3 revenue growth of approximately 220% in Energy Transition, comprising EV charging and Demand Flexibility. Increased Demand Flexibility enrolments to over 31k at the end of September 2026
• Year-on-year Q3 revenue growth of 3.4% in the Group’s core products
• Year-to-date revenue growth, on a like-for-like basis, 15.0%
• Positive revenue mix, and delivery of further operational efficiencies resulted in Q3 profitability significantly ahead of the prior year
• With good visibility afforded by a strong order book for delivery in Q4, the Board anticipates a positive end to the year

Strong balance sheet supports capital allocation optionality

• Bank Net Debt at the end of Q3 2026 was £74.6m (Q3 2025: £68.4m), with the increase in-line with revenue growth, whilst Bank Net Debt:EBITDA leverage improved over the prior year at 1.4x (Q3 2025: 1.6x), comfortably within the Group’s target range of 1–2x
• The Group’s strong balance sheet, improving leverage position and cash generation provides flexibility to support continued investment in organic growth initiatives and selective bolt‑on acquisitions, consistent with its capital allocation policy

Confident in delivering profitability in line with market expectations

• The trends noted at the interim results announced on 22 September are expected to continue through the remainder of the year
• There is a healthy level of demand for the Group’s core products, and there is positive momentum driven by the contribution from Demand Flexibility and EV
• The Board remains confident that full-year 2026 Adjusted Operating Profit1 will be delivered in line with market expectations, which increased following the announcement of the Group’s 2026 interim results five weeks ago

Dr Thorsten Müller, Chief Executive Officer, said:

“Luceco delivered a strong third-quarter performance, with revenue growth of approximately 17%, against what was a strong prior-year comparative. This performance demonstrates the strength of our competitive advantages and positioning in attractive market segments, including the significant opportunity afforded within Energy Transition. We remain confident in the outturn for the year.”

1Company-compiled analyst consensus as at 26 October 2026 for full year Adjusted Operating Profit: 2026 £41.8m, with a range of £41.3m - £42.5m.

Luceco plc	Contact
Dr Thorsten Müller, Chief Executive Officer	(Via Sodali & Co)
Will Hoy, Chief Financial Officer
Sodali & Co	Contact
Pete Lambie	[phone]
James White	[e-mail]
Tilly Abraham

Luceco PLC LEI Code: 213800BBFZK4W4P98U76

Note to Editors

Luceco plc (LSE:LUCE) is a leading designer and manufacturer of residential and commercial electrification products and systems. The Group designs and manufactures its market-leading range of wiring accessories, EV chargers, LED lighting, and portable power products at its state-of-the-art manufacturing facilities, distributing them through professional, wholesale and retail channels. Energy Transition revenue includes sales of EV chargers and other associated revenues.

For more information, please visit www.lucecoplc.com.

Forward-looking statements

This announcement contains forward‑looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward‑looking statements in this announcement will be realised.

The forward‑looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Company undertakes no obligation to update these forward‑looking statements. Nothing in this announcement should be construed as a profit forecast.

 

END