F W Thorpe increased its revenue by 3.8% to £53.2m in the six months ended 31 December 2017, but said order income did not reach the record highs of 2016/17, making a further record-breaking full year result a challenge.
Operating profit increased by 0.7% to £7.8m, with pre-tax profit up 0.9% to £7.9m.
Following the rebranding of Compact Lighting as Thorlux, Thorlux now has the benefit of additional retail revenue, which is now making a small contribution.
F W Thorpe has acquired Famostar in the Netherlands, an emergency lighting provider.
The acquisition is expected to enhance earnings per share in the first full financial year of ownership (to 30 June 2019), as well as complementing the company's existing technologies, providing potential growth opportunities and synergies.
Lighting systems supplier FW Thorpe (LSE:TFW) updated the market on Thursday morning with its full-year results.
The Worcestershire-based business revealed that trade of late has been improving. Despite ongoing competitive pressures of its road tunnel and street lighting business, the group is seeing excellent revenue and operating profit growth at its retail and display business Thorlux and Lightronics in the Netherlands, which continues to drive double digit growth for the group as a whole.