Notice of Final Results

RNS Number : 7343L

Inspecs Group PLC

04 May 2020

 

4 May 2020

Inspecs Group plc

("Inspecs" or "the Group")

Notice of Final Results

Inspecs Group plc, a designer, manufacturer and distributor of eyewear frames to global retail chains, will announce Final Results for the year ended 31 December 2019 on 12 May 2020.

For further information please contact:

Inspecs Group plc Robin Totterman (CEO) Chris Kay (CFO)	via FTI Consulting Tel: [phone]
Peel Hunt (Nominated Adviser and Broker) Adrian Trimmings George Sellar Andrew Clark Will Bell	Tel: [phone]
FTI Consulting (Financial PR) Alex Beagley James Styles Fern Duncan Alice Newlyn	Tel: [phone]

About Inspecs Group plc

Inspecs is a designer, manufacturer and distributor of eyewear frames. The Group produces a broad range of frames, covering optical, sunglasses and safety, which are either "Branded" (either under licence or under the Group's own proprietary brands), or "OEM" (including private label on behalf of retail customers and un-branded). As one of only a few companies that can offer this one-stop-shop solution to global retail chains, Inspecs is well positioned to continue to take market share in the globally expanding eyewear market.

Inspecs customers include global optical and non-optical retailers, global distributors and independent opticians, with its distribution network covering over 80 countries and reaching approximately 30,000 points of sale. In FY18, the Group generated 22.8 per cent. of its revenue in the UK and 77.2 per cent. internationally.

Today Inspecs has operations across the globe: with offices in the UK, Portugal, Scandinavia, the US and China (Hong Kong, Macau and Shenzhen), and manufacturing facilities in Vietnam, China, London and more recently, Italy.

The Group's growth strategy going forward is to: (i) continue to grow organically; (ii) undertake further acquisitions (and drive value through leveraging the Group's internal capabilities); and (iii) extend the Group's manufacturing capacity.

 

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