Inspecs news and archive

Inspecs: US tariff uncertainty impacting sales despite strengthened demand in Europe

Eyewear manufacturer Inspecs Group has said that uncertainty around US tariffs is impacting group sales, despite seeing strength from the European market. The insight was provided by Inspecs’ outgoing chair Robin Totterman, who offered the update during the company’s Annual General Meeting. "The uncertainty surrounding US tariffs is impacting...

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Inspecs Group reports sales decline and higher loss

British eyewear group Inspecs Group plc faced a decline in sales and a significantly higher loss in fiscal year 2024. CEO Richard Peck attributed the results, published on Thursday, to generally weaker customer demand. In light of the "difficult macroeconomic conditions," he stated that the company had demonstrated "resilience" and made...

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Inspecs CEO positive despite 2024 revenue miss

Eyewear player Inspecs reported a slight revenue decline to 200.5 million pounds for the year to December 31, 2024, while on a constant currency basis, revenue increased 2.3 million pounds to 205.6 million pounds. The group expects to deliver an underlying EBITDA of 17.5 million pounds for the fiscal year versus 18 million pounds in 2023....

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Inspecs executive chair to step down to director role, launches review of ‘composition’

Eyewear distributor and manufacturer Inspecs Group has announced that Robin Totterman, its executive chair of the board, is due to step down from his position upon the conclusion of its forthcoming annual general meeting in 2025. Totterman, who Inspecs said remained “critical to the future success” of the business, will continue to perform his...

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Eyewear player Inspecs reports revenue decline

Inspecs Group, a designer, manufacturer, and distributor of eyewear reported a revenue decline of 7.3 percent to 103 million pounds. On a constant exchange basis, revenue decreased by 5.2 percent to 105.4 million pounds. Gross profit for the period improved by 100 basis points to 52.4 percent, while underlying EBITDA decreased to 10.1 million...

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Inspecs revenue remains flat amid period of ‘softer trading’

Eyewear design and manufacturer Inspecs Group has published a trading update for the year ended 31 December 2023, in which it said it had experienced “softer trading” resulting in financial performance below market expectations. While the group said that it still expected to report a 16.1 percent increase in unaudited adjusted underlying EBITDA...

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Inspecs posts 6 percent revenue growth in H1

Eyewear manufacturer Inspecs Group plc reported a first half revenue increase of 6 percent to 111.1 million pounds. On a constant currency basis, revenue increased by 2.3 percent to 107.2 million pounds. Commenting on the company’s first half performance, Richard Peck, chief executive officer of Inspecs Group plc, said: "I am pleased that the...

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Inspecs appoints two new non-exec directors and CEO to strengthen board

Eyewear manufacture Inspecs Group has announced the appointment of two new non-executive directors, Shaun Smith and Hugo Adams, and a new CEO, Richard Peck, effective today, in a bid to strengthen its board and assist in the delivery of its strategic goals. Smith has previously served in CFO roles at Norcros and Aga Rangemaster Group, where he...

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Inspecs Group acquires Ego Eyewear

Bath-based group Inspecs has completed the 100 percent acquisition of Ego Eyewear Limited, a design and licensing company for premium fashion brands. Agreed upon for an initial consideration of 6.175 million pounds, the acquisition will also include Ego’s operating subsidiaries and design houses in Sweden and Hong Kong. The company uses...