Eyewear manufacturer says trading returns to normal after record year

Wiltshire eyewear manufacturer Inspecs says that revenues are returning to normal after a record year.

The leading designer, manufacturer, and distributor of eyewear – sunglasses, optical frames, lenses and low vision products –  has published a trading update for the last 12 months.

Following the record result for the first half of 2023, which in part was due to elevated levels of ordering as retailers sought to secure their inventory positions post Covid, the group anticipates revenue and EBITDA for the first half of this year to be lower than the prior year and more in line with historic trading.

Inspecs has also  launched its first in house designed direct to consumer gaming eyewear range in London. The group said it will benefit from extra capacity in the new facility in Vietnam in the second half of 2024.

Inspecs expects 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.