The Luceco Board is proposing to pay a final dividend of 3.0p, taking the full-year dividend to 4.6p. representing a payout of 41% of earnings. The final dividend will be paid on 19 May 2023 to shareholders on the register on 11 April 2023.
Other financial highlights include:
2022 results in line with January Trading Update:
o Revenue: £206.3m
o Adjusted Operating Profit: £22.0m
o Adjusted EPS: 11.1p
Results reflect normalisation after a record 2021 performance:
o Slowdown in Residential RMI demand post-lockdown
o Significant but temporary headwind from distributor customer destocking
Results remain well ahead of pre-pandemic levels:
o Versus 2019:
Revenue +20%
Adjusted Operating Profit +22%
Adjusted EPS +44%
o Gained share in attractive markets
