Inspecs Group Faces Tariff Challenges, Seeks New Leadership

Inspecs Group Plc ( (GB:SPEC) ) has provided an update.

Inspecs Group plc announced at its Annual General Meeting that US tariffs are affecting sales, but European demand is improving and projects in North America are progressing well. The company is conducting a strategic review of its lens business, Norville, and is searching for a new Independent Non-Executive Chair and Chief Financial Officer. Despite challenges, Inspecs is focused on operational efficiency and cost-saving measures, expecting flat revenue for 2025 compared to 2024. Robin Totterman will step down as Chair, ensuring a smooth transition for the new leadership.

Spark’s Take on GB:SPEC Stock

According to Spark, TipRanks’ AI Analyst, GB:SPEC is a Neutral.

The overall stock score of 57 reflects Inspecs Group Plc’s current financial challenges and valuation concerns, despite positive technical indicators and recent corporate developments aimed at stabilizing leadership and governance. The most significant factor is the company’s financial performance, which is under pressure, followed by technical analysis suggesting short-term positive momentum. Corporate events provide some reassurance about leadership stability.

To see Spark’s full report on GB:SPEC stock, click here.

More about Inspecs Group Plc

INSPECS Group plc is a leading provider of eyewear solutions, offering a wide range of products including optical frames, sunglasses, and safety eyewear. The company operates a vertically integrated business model, focusing on expanding its own-brand portfolio, global distribution, and manufacturing capacity. INSPECS serves global optical and non-optical retailers, distributors, and independent opticians, with a distribution network covering over 80 countries.

Average Trading Volume: 380,746

Technical Sentiment Signal: Hold

Current Market Cap: £53.28M

Find detailed analytics on SPEC stock on TipRanks’ Stock Analysis page.