Lucy Switchgear

Lucy Group delivers record results in 2013

The Group is pleased to announce a record set of financial results for 2013.

For the year ended 31 December 2013, sales grew by 21% to £152m (2012: £125m), despite uncertain market conditions. Group profit before tax more than doubled to £14.9m (2012: £6.9m) even after allowing for exceptional costs relating to restructuring and start-ups, whilst the Group's Real Estate business delivered a strong set of results: rental income stood at a record £6.2m.

With organic sales growth of 20% and acquisitions contributing 1% of Group revenue during the year, the Group made steady progress towards its strategic objective of delivering long-term value via acquisitive and organic growth.

 


Wednesday, 26 March 2014