Beacon Lighting Group (ASX:BLX) held its Annual General Meeting on October 22, 2024. The company discussed its operational overview, financial performance, and strategic pillars of growth. Key resolutions included the re-election of directors and approval of remuneration and performance rights.
Beacon Lighting Group has set forth a comprehensive strategy for growth, focusing on expanding its store network, enhancing trade partnerships, and boosting eCommerce sales. The company plans to open new stores across Australia, increase its presence in the residential electrical wholesale market, and expand its product offerings internationally. The approval of key shareholder resolutions, such as the re-election of directors and performance rights issues, supports its strategic goals. Looking to FY2025, Beacon Lighting is committed to maintaining positive sales momentum and expanding its market reach into the USA, Asia, and Europe.
Beacon Lighting aims to expand its store network from 127 to 195 stores in Australia, enhancing customer service with the latest lighting and fan ranges. We are committed to growing our market share in the residential electrical wholesale market and expanding our international sales and product offerings.