Inspecs - decent valuation if takeover falls through13 May 2026 07:55
.wealthoracle.co.uk/admin/featured-companies
Inspecs delivered a resilient but pressured FY25, with revenue broadly flat at £191.7m versus £193.3m, or £193.4m on a constant currency basis. Eyewear unit volumes increased to 11.5m, but softer market demand, US tariff disruption and foreign exchange headwinds weighed on profitability. Gross margin declined 70bps to 51.7%, reflecting inflationary pressure, adverse product mix and tariff impacts. Underlying EBITDA fell 9% to £17.7m, with EBITDA margin reducing to 9.2% from 10.1%. Operating profit before non-underlying items was broadly stable at £5.7m, but statutory loss before tax was £0.2m, compared with a £1.6m profit in FY24, after £2.9m of non-underlying costs. The core Frames and Optics division performed...
.wealthoracle.co.uk/admin/featured-companies