6th Jun 2024 13:10
Inspecs Group PLC - Bath, England-based eyewear company - Ahead of its annual general meeting, says it expects revenue and earnings before interest, tax, depreciation and amortisation for the first half of 2024 to be lower than the prior year and in line with historic trading. Says first half of 2023 was a "record" for Inspecs. Also says it will launch its first in house designed direct to consumer gaming eyewear range in London.
Looking ahead, Inspecs says: "We expect momentum to improve across the group's markets and to benefit from increased distribution and ongoing operational efficiencies. As a result, group guidance for the full year remains unchanged."
Current stock price: 60.45 pence each, down 17% in London on Thursday
12-month change: down 45%
By Sophie Rose, Alliance News senior reporter
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