Luceco plc (LUCE) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.377 Good morning, everybody, and welcome to the Lusico full year results 00:00:05.377 -- 00:00:10.102 for 2024. Thank you for attending this meeting, and all those online, thank you for attending 00:00:10.102 -- 00:00:12.064 also. We 00:00:12.064 -- 00:00:17.870 had a good year last year. It was the first year that the business began to emerge 00:00:17.870 -- 00:00:20.633 from the shadow of the pandemic. 00:00:20.633 -- 00:00:25.939 I think we sort of underestimated at the time quite the impact that that pandemic 00:00:25.939 -- 00:00:27.638 would have, 00:00:27.638 -- 00:00:29.542 in terms of the 00:00:29.542 -- 00:00:35.551 extraordinary upside we enjoyed in the pandemic, but then the 00:00:35.716 -- 00:00:38.903 hangover subsequently has taken quite a while to work through. 00:00:38.903 -- 00:00:43.693 And I think last year was the first year that the business returned to something like 00:00:43.693 -- 00:00:45.509 normality. 00:00:45.509 -- 00:00:47.873 Our revenue is up 16%. 00:00:47.873 -- 00:00:53.081 On a light for light basis, that's up almost 6% in a market which, and I'll talk about 00:00:53.081 -- 00:00:56.146 this more later, was off about 2.5%. 00:00:56.146 -- 00:00:59.712 So a significant market share gain. Operating 00:00:59.712 -- 00:01:05.458 profit improves by over 20%, up to 29 million. 00:01:05.942 -- 00:01:11.648 On an operating margin, up half a point. You know, so operational leverage in the business, 00:01:11.648 -- 00:01:18.222 higher mix and better sourcing across the group that drove higher margins. 00:01:18.222 -- 00:01:23.514 Our net date ratio of 1.6 in the middle of the range and a full year dividend of 00:01:23.514 -- 00:01:29.307 5p, giving adjusted EPS of 12.5 pence. Thank 00:01:29.307 -- 00:01:33.108...