|
Luceco PLC - Shropshire, England-based LED lighting manufacturer and distributor - Guides for revenue in first half, ended June 30, to be about £106 million, which is down from £108.2 million a year prior. Adjusted operating profit to be about £11.5 million, sliding from £19.2 million the year before.
On a like-for-like basis, first half revenue is guided to 17% lower year-on-year, but 13% ahead of the first half in 2019, a pre-Covid performance.
Notes input cost inflation remains well controlled.
‘A continued slowdown in consumer demand at rates similar to that experienced to date, combined with broadly stable professional demand, would leave 2022 adjusted operating profit at the bottom end of current analyst expectations. The final outcome will largely depend upon how consumers and our distributor customers react to macroeconomic developments in the second half of the financial year,’ company adds.
Current stock price: 111.25 pence, down 1.6% on Tuesday
12-month change: down 72%
Copyright 2021 Alliance News Limited. All Rights Reserved.
|
