Business
2018 Full Year Results
2018 Full Year Results.
About this update from Luceco Plc
[{"type":"text","content":"\n \nRNS Number : 5119V Luceco PLC 09 April 2019 \n\n9 April 2019\n \nLuceco plc\n(\"Luceco\" or the \"Group\" or the \"Company\")\n \n2018 FULL YEAR RESULTS - A sound platform for future profitable growth\n \nLuceco plc, a manufacturer and distributor of high quality and innovative LED lighting products, wiring accessories and portable power products, today announces its audited results for the year ended 31 December 2018 (\"FY 2018\" or \"the period\").\n \n\n\n\n\n \n\n\nReported results\n\n\nAdjusted1 results\n\n\n\n\nYear ended 31 December (£m)\n\n\n2018\n\n\n2017\n\n\nChange (%)\n\n\nChange at constant FX rate2\n\n\n2018\n\n\n2017\n\n\nChange (%)\n\n\nChange at constant FX rate2\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n163.9\n\n\n167.6\n\n\n(2.2)%\n\n\n(0.4)%\n\n\n163.9\n\n\n167.6\n\n\n(2.2)%\n\n\n(0.4)%\n\n\n\n\nGross Margin %\n\n\n30.3%\n\n\n28.9%\n\n\n140bps\n\n\n \n\n\n30.9%\n\n\n28.9%\n\n\n200bps\n\n\n220bps\n\n\n\n\nOperating Profit \n\n\n4.9\n\n\n14.2\n\n\n(65.5)%\n\n\n \n\n\n8.5\n\n\n14.7\n\n\n(42.2)%\n\n\n(34.0)%\n\n\n\n\nOperating Margin %\n\n\n3.0%\n\n\n8.5%\n\n\n(550)bps\n\n\n \n\n\n5.2%\n\n\n8.8%\n\n\n(360)bps\n\n\n(300)bps\n\n\n\n\nProfit Before Tax\n\n\n3.0\n\n\n12.3\n\n\n(75.6)%\n\n\n \n\n\n6.3\n\n\n12.8\n\n\n(50.8)%\n\n\n \n\n\n\n\nProfit After Tax\n\n\n1.5\n\n\n10.0\n\n\n(85.0)%\n\n\n \n\n\n4.6\n\n\n10.5\n\n\n(56.2)%\n\n\n \n\n\n\n\nBasic Earnings Per Share\n\n\n0.9p\n\n\n6.2p\n\n\n(85.5)%\n\n\n \n\n\n2.9p\n\n\n6.5p\n\n\n(55.4)%\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet Debt\n\n\n32.2\n\n\n37.2\n\n\n(13.4)%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet Debt : EBITDA1\n\n\n2.0\n\n\n1.9\n\n\n5.3%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nFree cash flow\n\n\n5.4\n\n\n5.3\n\n\n1.9%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nDividend per share\n\n\n0.6p\n\n\n0.8p\n\n\n(25.0)%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n1. The definitions of the adjustments made to the statutory figures can be found in note 1 to ...