Lighting group produces much brighter profit forecasts
LED lighting group Luceco expects to smash profit forecasts as its turnaround continues to deliver results.
Sales in the first four months of 2019 mean it believes its adjusted operating profit for the year will be "materially ahead" of current market expectations. In 2018 it saw a 42% drop in that profit figure despite revenues only slipping by 2%, to £163.9m.
It is the latest good news for the Telford-based group which had previously been affected by customers destocking its lighting products.
Its share price has surged in... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...