INSPECS Group plc Reports Mixed 2024 Financial Results, Eyes Growth in 2025

The latest update is out from Inspecs Group Plc ( (GB:SPEC) ).

INSPECS Group plc reported a slight decline in revenue for 2024 at £200.5 million, compared to £203.3 million in 2023, and an underlying EBITDA of £17.5 million. Despite this, the company achieved a 5.9% increase in revenue during the second half of 2024, improved its gross profit margin, and reduced net debt. The integration of its US businesses and the completion of a new manufacturing facility in Vietnam are expected to bolster future growth. The Eschenbach Optics division performed strongly, particularly in the US and Europe. INSPECS successfully refinanced its banking arrangements, extending facilities to 2027, and aims to improve revenue, margins, and reduce debt in 2025.

More about Inspecs Group Plc

INSPECS Group plc is a global leader in the eyewear industry, offering a wide range of products including optical frames, sunglasses, lenses, and low vision products. The company operates a vertically integrated business model, focusing on expanding its brand portfolio, distribution, travel retail markets, and manufacturing capacity. With offices and subsidiaries worldwide, including in the UK, US, and China, INSPECS serves a diverse clientele of global optical and non-optical retailers, distributors, and independent opticians across 80 countries, reaching approximately 75,000 points of sale.

YTD Price Performance: -13.19%

Average Trading Volume: 156,397

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £40.16M

See more data about SPEC stock on TipRanks’ Stock Analysis page.