Following major investment in eEnergy, the net zero energy services provider in the second half of 2023, proving energy efficiency as an important driver of growth for Luceco, the group’s pre-Christmas trading update showed the company performing well in line with expectations with a demand for energy saving professional projects keeping the business on its continuous positive path.
The British multinational group, which operates under established brands including BG Electrical, Luceco LED Lighting and Masterplug, manufacture and distribute high quality and innovative LED lighting products, wiring accessories and portable power products for a global customer base.
Market leaders in key electrical categories, offering a ‘one stop shop’ for trade and retail accessories the group, with its UK office based on Stafford Park, boasts its own state of the art manufacturing facility in Jiaxing, China and reaches out globally with offices in Ireland, Germany, France, Spain, UAE, South Africa, Mexico and China, whilst offering sales and support to the European, Mediterranean, Middle East, Africa & Asia Pacific regions.
As the group continues to invest in environmentally responsible technology and innovation, with brands offering a leading portfolio of thoughtfully designed and diligently made products, from task and emergency to ambient and architectural, employing the latest in energy-saving and sustainable technology, Director of Group Finance, David Nix said, “Group revenue in Quarter 3 of 2023, at 8.3%, was ahead of the prior year and results continue to be encouraging and comparatives continue to ease in Q4 2023. At Luceco we see 2024 as a growth year through acquisitions with strong cash generation in the latter half of 2023.
"We will continue to develop the business around innovation and growth with innovative new products being core to the continuation of our progress throughout the coming year.”