Luceco plc (LUCE) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to the Lusico full year results for 2024. Thank you for attending this meeting, and all those online, thank you for attending also. We had a good year last year. It was the first year that the business began to emerge from the shadow of the pandemic. I think we sort of underestimated at the time quite the impact that that pandemic would have, in terms of the extraordinary upside we enjoyed in the pandemic, but then the hangover subsequently has taken quite a while to work through. And I think last year was the first year that the business returned to something like normality. Our revenue is up 16%. On a light for light basis, that's up almost 6% in a market which, and I'll talk about this more later, was off about 2.5%. So a significant market share gain. Operating profit improves by over 20%, up to 29 million. On an operating margin, up half a point. You know, so operational leverage in the business, higher mix and better sourcing across the group that drove higher margins. Our net date ratio of 1.6 in the middle of the range and a full year dividend of 5p, giving adjusted EPS of 12.5 pence. Thank you. Thank you, Will. So strong revenue overall up 16%. We made a couple of acquisitions in the year, one in March, one in September. So some of that growth is obviously M&A led, but organic growth of approximately 5.8%. And the market, as I said, was down about two and a half. and particularly strong sales in the UK RMI sector, which, as you know, is a very important segment for us. Our residential EV charging business is growing particularly strongly. In Q1 this year, it's up about 100%. Last year also had a strong year. You will recall we bought a small business in 2022. It turned over at the time about 5 million. Hopefully this year...