4 May 2022 - trading update
Luceco, which is a manufacturer and distributor of wiring accessories, EV chargers, LED lighting and portable power products, has released a disappointing update on trading for the three months ended 31 March 2022. Last year's exceptionally strong markets disrupted the normal function of global supply chains and it is thought that some customers ordered more product than they needed to meet demand. A reversal of this position will lead to a £15m shortfall in 2022 revenue versus previous expectations. The shortfall in adjusted operating profit will be approximately £10m as the . . .
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