Luceco plc reported sales and net debt for the six months ended 30 June 2018. First half 2018 UK retail sales are consequently nearly 20% lower than last year. Sales growth in the Group's overseas businesses has however remained strong. Net debt at 30 June 2018 was in line with expectations at £41 million.

The Group expects to report close to break-even adjusted operating profit in first half of 2018.

As a result, the Group expects to deliver year-on-year adjusted operating profit growth in second half of 2018. Net debt is expected to reduce in the second half.