Bath-based Inspecs Group PLC has released its trading update for 2021 and noted that its performance remained in line with expectations.
The company generated revenue of $241m despite Coronavirus-related restrictions, representing considerable improvement on 2020’s figure of $47.4m.
Acquisitions have represented an area of growth for Inspecs: Its acquisition of Eschenbach in December 2020 delivered positive trading in 2021, and Inspecs also acquired Swedish eyewear brand Ego Eyewear Limited and German distributor BoDe Design.
An Inspecs statement said: ‘Our main markets in Europe and America have proved to be resilient, and early indications show that, despite restrictions in many of the countries in which we operate, the optical market remains open and current trading is in line with expectations for 2022.’
Robin Totterman, the group’s chief executive, added: ‘The results achieved in 2021 follow on from the hard work our employees put in over the last 12 months and the implementation of our continuing strategy to build a fully integrated global eyewear business.
‘I remain confident about the group’s ability to continue to grow organically and through acquisition in the long term and to continue to deliver further positive results for our customers, shareholders and all stakeholders.’