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Inspecs Group Plc (LSE:SPEC) has acknowledged the challenges posed by U.S. tariffs during its Annual General Meeting, noting the impact on sales performance. However, the company also reported improving demand in Europe and steady progress on projects in North America. As part of its strategic response, Inspecs is conducting a review of its Norville lens division and is actively searching for a new Independent Non-Executive Chair and Chief Financial Officer.
Despite external pressures, the company remains committed to improving operational efficiency and cutting costs. Management anticipates revenue for 2025 will be broadly in line with 2024 levels. Current Chair Robin Totterman is set to step down, with plans in place to ensure a seamless leadership transition.
While financial headwinds and valuation concerns remain, Inspecs has taken steps to strengthen its governance and leadership structure. Positive technical indicators and ongoing corporate efforts provide some encouragement, though the primary focus remains on stabilizing financial performance.
About Inspecs Group Plc
Inspecs Group Plc is a global eyewear manufacturer and distributor, offering a comprehensive range of products including optical frames, sunglasses, and safety eyewear. Operating under a vertically integrated model, the company emphasizes its proprietary brand portfolio, international distribution capabilities, and scalable manufacturing operations. Inspecs supplies products to a wide array of customers, including optical retailers, distributors, and independent opticians in over 80 countries.
