Inspecs update ahead of final results shows good progress on sales
A very short Inspecs trading update on Wednesday told us that the eyewear specialist had a strong Q1. The UK company, which is listed on the London Stock Exchange, actually reports in US dollars and said that the first three months of the year saw revenues rising by $7.5 million, or by 18.5% at constant exchange rates.
Q1 revenues reached $75.1 million for the company that makes eyewear under its own brands, as well as for labels including Superdry, O’Neill, Radley, Farah, Ted Baker, Lulu Guinness, Talbot Runhof and Marc O’Polo.
The sales rise came after the firm made some strategic acquisitions recently and it said that its “performance was achieved through both organic growth of existing entities, alongside strong starts to the year by the acquisitions made in December 2021”.
It added that the “integration of BoDe Design GmbH and EGO Eyewear continues to progress to plan and we look forward to providing a more detailed update on progress at the group's final results on 19 May”.
The company, which is based in Bath but operates globally, has turned in some impressive results in recent periods and only in February said that sales had soared in the year for which we’ll get the final figures in May.
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