Inspecs remains positive

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.’