INSPECS Group Shows Resilience with Strategic Expansions and Operational Efficiencies

Inspecs Group Plc ( (GB:SPEC) ) has shared an announcement.

INSPECS Group plc announced a trading update for the year ending December 2024, reporting a slight decrease in revenue to £200.5m and Underlying EBITDA to £17.5m. Despite this, the company achieved a 5.9% increase in revenue in the second half of the year, improved its gross profit margin to 51.4%, and reduced net debt by £1.3m. The integration of its US businesses and the operationalization of a new facility in Vietnam were successfully completed, enhancing its manufacturing capacity. The company also extended its banking facilities with HSBC to 2027, which is expected to lower interest costs in 2025. INSPECS aims to focus on operational efficiencies, cost reduction, and further growth in revenue and EBITDA margins in 2025.

More about Inspecs Group Plc

INSPECS Group plc is a prominent company in the global eyewear market, engaged in designing, manufacturing, and distributing a wide range of eyewear solutions including optical frames, sunglasses, low vision aids, and lenses. The company operates a vertically integrated business model and has a significant presence worldwide, with offices in the UK, Germany, Portugal, Scandinavia, the US, and China, and manufacturing facilities in Vietnam, China, the UK, and Italy. INSPECS serves global optical and non-optical retailers, distributors, and independent opticians, reaching approximately 75,000 points of sale across over 80 countries.

YTD Price Performance: -13.19%

Average Trading Volume: 156,397

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £40.16M

For an in-depth examination of SPEC stock, go to TipRanks’ Stock Analysis page.