FW Thorpe ups dividend as UK trading boosts interim profit

(Alliance News) - FW Thorpe PLC on Thursday said it expects full-year profit to come in ahead of ...

Alliance News 6 March, 2025 | 4:12PM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - FW Thorpe PLC on Thursday said it expects full-year profit to come in ahead of the previous year as it plans to mitigate wage related pressures through cost reductions and efficiency improvements.

The Worcestershire-based lighting systems firm said profit before tax grew 4.6% to GBP11.2 million for the six months ended December 31, from GBP10.7 million the prior year.

Revenue rose 1.4% to GBP83.8 million from GBP82.6 million, with Thorpe noting that growth at Thorlux and Zemper supported the increases in revenue and operating profit.

Thorlux revenue grew to GBP50.1 million, up 4.7% from GBP48.2 million the prior year. Zemper grew 13% to GBP10.2 million from GBP9.0 million.

For the interim period, operating profit improved 3.0% to GBP11.5 million from GBP11.2 million.

Thorpe said the majority of its UK companies realised an improved performance, but said the Dutch firms struggled to manage the strong performance of the prior year.

Revenue for the Netherlands firms fell 8.4% to GBP16.7 million from GBP18.2 million.

Thorpe declared an interim dividend of 1.76 pence, up 3.5% from the prior year's 1.70p

Shares in Thorpe were up 3.9% at 311.80 pence on Thursday afternoon in London.

Looking forward, Thorpe said its order book "remains strong", with revenue marginally ahead of last year. It added that rising costs, mainly owed to wage and national insurance inincreases,ill be offset by "material cost reductions and efficiency improvements."

Thorpe expects a marginal improvement in profit for financial 2025.

By Christopher Ward, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Thorpe (F W) PLC 301.00 GBX 0.33 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures