Bath-based eyewear company Inspecs Group has reported revenue of $46.2m in its financial results for the year ended December 31, 2020 ahead of its final results in May, 2021.
The company said revenue was in line with expectations and noted the acquisitions of Norville and Eschenbach Optik in 2020 contributed $4.2m and $3.1m in revenue, respectively.
Robin Totterman, CEO of Inspecs, said: ‘While 2020 was an extraordinary year for a number of reasons, it was a milestone year for Inspecs with the company successfully listing on AIM in February and subsequently completing two acquisitions.
‘Welcoming Norville and Eschenbach Optik to the Group significantly increases our global distribution and lens manufacturing capability, enabling us to penetrate key global markets, broaden our customer reach, and strengthen our brand portfolio.’
He added that Inspecs was in a strong position to capitalise on ‘compelling structural opportunities that exist in the fragmented global eyewear market.’
