luceco plc shares rose on thursday after the group said it expects to deliver adjusted operating profit for 2022 at the upper end of its guidance after a fourthquarter performance in line with expectations and that its chief financial officer will step down shares at 0849 gmt were up 164 pence or 15 at 1230 pence the electricalproducts manufacturer said fullyear adjusted operating profitwhich strips out exceptional and other oneoff itemsis forecast to be at the upper end of the previously guided range of 20 million to 22 million pounds 247 million272 million with record cash generation the company also anticipates revenue of gbp206 million revenue for the fourthquarter fell 22 compared with the same period a year ago but in line with the boards expectations our estimate of the total impact of cost inflation emerging from the pandemic has reduced in recent months as key cost drivers such as sea container prices and currency rates have moved in our favor at current prices this would lead to a reduction in our annual cost base between 2022 and 2024 once existing inventory has been sold through and current hedging arrangements mature it said in a separate statement luceco said chief financial officer matt webb has decided to step down with effect from march 31 in order to pursue other opportunities and will be replaced by current nonexecutive director will hoy the company said mr hoy has held a number of senior finance roles for over 20 years including three years as cfo of gkn aerospace