Luceco (LUCE) Q3 2026 TU earnings summary

Executive summary

• Q3 revenue grew 17.0% YoY like-for-like; Adjusted Operating Profit improved 60% YoY, supported by positive mix and operational efficiencies.

• Strong Q4 delivery order book and continued Energy Transition momentum underpin confidence in the full-year outlook.

Financial highlights

• Q3 like-for-like revenue increased 17.0%; year-to-date like-for-like revenue rose 15.0%.

• Adjusted Operating Profit improved 60% in Q3 YoY; positive revenue mix and further operational efficiencies supported profitability.

• Full-year 2026 Adjusted Operating Profit analyst consensus was £41.8m as of 26 October, with a £41.3m–£42.5m range.

Outlook and guidance

• Board expects full-year 2026 Adjusted Operating Profit in line with market expectations, which increased after the interim results five weeks earlier.

• Q4 order book provides good delivery visibility; healthy core-product demand and positive momentum from Demand Flexibility and EV are expected to continue.