Solid trading in 2023 for Inspecs

Inspecs has announced a trading update for the first half of 2023 that described a solid trading performance in line with expectations.

The eyewear company noted that revenue had increased 6.0% to £111.1m compared to £104.8m in the first half of 2022.

Additionally, Inspecs reported strong cash generation in the first half and, as a result, net debt (excluding leases) decreased by £5.0m to £22.6m.

‘I am pleased that the positive momentum that we experienced in Q1 [of 2023] continued into Q2 and that all of the group’s major markets have performed consistently in H1 2023,’ commented Richard Peck, chief executive officer at Inspecs Group.