Luceco (LUCE) Q1 2026 TU earnings summary

Executive summary

• Achieved strong Q1 2026 performance with broad-based growth and continued momentum in the Energy Transition market.

• Upgraded full-year 2026 Adjusted Operating Profit expectations due to robust trading and demand.

Financial highlights

• Q1 2026 revenue reached approximately £68m, up 11% year-over-year from £61m in Q1 2025.

• EV charging revenue grew about 80% year-over-year, with significant increases in Demand Flexibility revenues.

• Core products delivered over 6% organic revenue growth year-over-year.

Outlook and guidance

• Full-year 2026 Adjusted Operating Profit now expected to exceed £40m, above the previous analyst consensus of £38.3m.

• Continued strong demand anticipated across most product categories and geographies.

• Potential for further outperformance depending on Demand Flexibility growth.