INSPECS Group plc

Equities

SPEC

GB00BK6JPP03

Medical Equipment, Supplies & Distribution

Market Closed - London S.E. Other stock markets 16:35:08 28/06/2024 BST			5-day change	1st Jan Change
52.5 ^GBX	-5.41%		-6.25%	-37.50%

06-06	Inspecs falls as interim revenue expected to fall annually	AN
06-06	TRAFIGURA PUBLISHES 2024 HALF YEAR RESULTS…	RE

Inspecs falls as interim revenue expected to fall annually

June 06, 2024 at 01:12 pm

Inspecs Group PLC - Bath, England-based eyewear company - Ahead of its annual general meeting, says it expects revenue and earnings before interest, tax, depreciation and amortisation for the first half of 2024 to be lower than the prior year and in line with historic trading. Says first half of 2023 was a "record" for Inspecs. Also says it will launch its first in house designed direct to consumer gaming eyewear range in London.

Looking ahead, Inspecs says: "We expect 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."

Current stock price: 60.45 pence each, down 17% in London on Thursday

12-month change: down 45%

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Latest news about INSPECS Group plc

Inspecs falls as interim revenue expected to fall annually	06-06	AN
TRAFIGURA PUBLISHES 2024 HALF YEAR RESULTS…	06-06	RE
INSPECS GROUP PLC: GUIDANCE FOR FY REMAINS UNCHANGED…	06-06	RE
AIM WINNERS & LOSERS: Inspecs confident but Scirocco eyes AIM exit	04-17	AN
Inspecs hails "encouraging" recent trading after tepid start to 2024	04-17	AN
INSPECS Group plc Reports Earnings Results for the Full Year Ended December 31, 2023	04-17	CI
FTSE 100 Starts Week Flat, With Oil-Stock Gains Offset by Falls Elsewhere	01-29	DJ
FTSE 100 nudges higher ahead of rate decisions	01-29	AN
UK's Inspecs Group to Buy A-Optikk; Shares Plunge	01-29	MT
Inspecs eyes profit rise short of market expectations on weak December	01-29	AN
AIM WINNERS & LOSERS: Surgical Innovations shares jump as revenue up	01-29	AN
FTSE 100 Closes Monday Higher as Israel Escalation Concerns Ease	30/10/23	DJ
Inspecs Group shares rise on "solid" trading so far in 2023	30/10/23	AN
INSPECS Group plc Announces Trading Update for the Nine Months Ended September 30, 2023	30/10/23	CI
FTSE 100 Closes Up 0.21% on Pound Weakness	07/09/23	DJ
EARNINGS UPDATES: Sylvania beats production goal, Angle revenue surges	07/09/23	AN
UK Inflation Expectations Fall, Boosting Prospects for BOE Rate Pause	07/09/23	DJ
UK Gilt Yields Fall on Rising Expectations of a BOE Rate Pause	07/09/23	DJ
FTSE 100 Falls After Weak Performance in Asian Markets	07/09/23	DJ
Sterling Could Fall on Expectations of a BOE Rate Pause	07/09/23	DJ
Earnings Flash (SPEC.L) INSPECS GROUP Posts H1 Revenue GBP111.2M	07/09/23	MT
Earnings Flash (SPEC.L) INSPECS GROUP Posts H1 EPS GBP0.02	07/09/23	MT
INSPECS Group plc Reports Earnings Results for the Half Year Ended June 30, 2023	07/09/23	CI
FTSE 100 Closes Flat as Oil Stocks Drop Offset Positive Corporate Results	28/07/23	DJ
Inspecs half-year trading in line with expectations as revenue rises	28/07/23	AN

Chart INSPECS Group plc

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Company Profile

INSPECS Group plc is a United Kingdom-based provider of eyewear solutions for the global eyewear market. The Company produces a range of eyewear frames, low vision aids and lenses, covering optical, sunglasses and safety, which are either under license or under the Companyâs own proprietary brands (Branded), or unbranded or private label on behalf of retail customers (OEM). The Companyâs segments include Frames and Optics, which is involved in product distribution; Wholesale, which is engaged in OEM and manufacturing distribution, and Lenses which is engaged in manufacturing and distribution of lenses. The Company has operations in the United Kingdom, Germany, Portugal, Scandinavia, the United States and China (including Hong Kong, Macau and Shenzhen). Its customers are global optical and non-optical retailers, global distributors and independent opticians, with its distribution network covering over 80 countries and reaching approximately 75,000 points of sale.

Sector

Medical Equipment, Supplies & Distribution

Calendar

04/09/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for INSPECS Group plc

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.6635 USD

Average target price

1.277 USD

Spread / Average Target

+92.43%

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Glasses, Spectacles & Contact Lenses