REG - Inspecs Group PLC - Trading Update

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RNS Number : 3388I  Inspecs Group PLC  20 November 2025

20 November 2025

 

Inspecs Group plc

("INSPECS" or "the Group")

 

Trading Update

 

Inspecs Group plc, a leading designer, manufacturer and distributor of eyewear
(sunglasses, optical frames and low vision products) provides a trading update
for the 10 months ended 31 October 2025.

 

Trading update

As reported in the Group's Interim Results on 18 September 2025, trading in
the first two months of the second half of the year was slightly behind plan.
Trading improved in October, with Tura recording stronger than expected sales
and order books at the end of October 10% up on prior year.

 

Notwithstanding this improved trading performance in October and our continued
focus on cost savings, the ongoing US tariff disruption and continuing weak
macroeconomic environment are expected to impact the timing of product
shipments, in particular from Killine. As a result the Group now expects to
report revenue of approximately £191m and Underlying EBITDA of approximately
£17.7m for the year ending 31 December 2025.

 

 

For further information please contact:

 

 Inspecs Group plc                         via FTI Consulting

 Richard Peck (CEO)                        Tel: +44 (0) 20 3727 1000

 Chris Kay (CFO)

 Peel Hunt (Nominated Adviser and Broker)  Tel: +44 (0) 20 7418 8900

 George Sellar

 Andrew Clark

 FTI Consulting (Financial PR)             Tel: +44 (0) 20 3727 1000

 Alex Beagley

 Harriet Jackson

 Amy Goldup

 

 

PROFIT FORECAST

 

The UK Panel on Takeovers and Mergers has confirmed that the above update (the
"Inspecs Profit Forecast") constitutes an ordinary course profit forecast for
the purposes of Rule 28.1(c) and Note 2(b) on Rule 28.1 of the Code. H2 Equity
Partners Ltd. ("H2"), and Risk Capital Partners and Ian Livingstone (together,
the "Consortium") have each provided their consent to the application of Rule
28.1(c), in accordance with Note 2(b) on Rule 28.1.

 

Basis of preparation

 

The Inspecs Profit Forecast has been prepared on a basis consistent with the
Group's accounting policies, which are in accordance with UK adopted
international accounting standards. These policies are consistent with those
applied in the preparation of the Inspecs Group's annual accounts for the year
ended 31 December 2024.

 

Assumptions

 

The Inspecs Profit Forecast is based on the assumptions listed below.

 

Factors outside the influence or control of the Inspecs Directors

 

·        There will be no material changes to existing prevailing
macroeconomic or political conditions in the markets and regions in which the
Group operates.

 

·        There will be no material changes to the conditions of the
markets and regions in which the Group operates or in relation to customer
demand or the behaviour of competitors in those markets and regions.

 

·        The interest, inflation, tax rates and tariffs in the markets
and regions in which the Group operates will remain materially unchanged from
the prevailing rates.

 

·        There will be no material adverse events that will have a
significant impact on the Group's financial performance.

 

·        There will be no material adverse events that will have a
significant impact on the timing and market acceptance of new product releases
and upgrades by the Group.

 

·        There will be no business disruptions that materially affect
the Group or its key customers, including natural disasters, acts of
terrorism, cyber-attack and/or technological issues or supply chain
disruptions.

 

·        There will be no material changes to the foreign exchange
rates that will have a significant impact on the Group's revenue or cost base.

 

·        There will be no material changes in legislation or
regulatory requirements impacting on the Group's operations or on its
accounting policies.

 

·        There will be no material litigation in relation to any of
the Group's operations.

 

Factors within the influence and control of the Inspecs Directors

 

·        There will be no material change to the present executive
management of the Group.

 

·        There will be no material change in the operational strategy
of the Group.

 

·        There will be no material adverse change in the Group's
ability to maintain customer and partner relationships.

 

·        There will be no material acquisitions or disposals.

 

·        There will be no material strategic investments over and
above those currently planned.

 

·        There will be no material change in the dividend or capital
policies of the Group.

 

·        There will be no unexpected technical or network issues with
products or processes.

 

Inspecs Directors' confirmation

 

The Inspecs Directors have considered the Inspecs Profit Forecast and confirm
that it remains valid as at the date of this announcement, and has been
properly compiled on the basis of the assumptions set out above and that the
basis of the accounting used is consistent with the Group's accounting
policies.

 

About Inspecs Group plc

INSPECS is a leading provider of eyewear solutions to the global eyewear
market. The Group produces a broad range of eyewear frames and low vision
aids, covering optical, sunglasses and safety, which are either "Branded"
(under licence or under the Group's own proprietary brands), or "OEM"
(unbranded or private label on behalf of retail customers).

 

INSPECS is building a global eyewear business through its vertically
integrated business model. Its continued growth is underpinned by increasing
the penetration of its own-brand portfolio, worldwide distribution, growing
retail presence, maximising group synergies and its global network, expanding
its manufacturing capacity and scaling the research and development department
as it develops new and innovative eyewear products. The Group has operations
across the globe: with offices and subsidiaries in the UK, Germany, Portugal,
Scandinavia, the US and China (including Hong Kong, Macau and Shenzhen), and
manufacturing facilities in Vietnam, China, the UK and Italy.

 

INSPECS customers are global optical and non-optical retailers, global
distributors and independent opticians. Its distribution network covers over
80 countries and reaches approximately 75,000 points of sale.

 

More information is available at: https://inspecs.com (https://inspecs.com) .

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