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96.00 11.50 (13.61%)

Bid:

94.00

Ask:

98.00

Spread: 4.00 (4.255%)

Market Cap: £97.60m

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Inspecs reports solid first quarter performance

Wed, 27th Apr 2022 07:38

(Sharecast News) - Eyewear designer and manufacturer Inspecs Group reported a "strong" trading performance in the first quarter on Wednesday, with revenues growing by $7.9m (£6.29m) year-on-year, to $75.1m.

The AIM-traded firm said that at constant exchange rates, revenues were up 18.5% year-on-year for the three months ended 31 March.

"This performance was achieved through both organic growth of existing entities, alongside strong starts to the year by the acquisitions made in December," the board said in its statement.

"The integration of BoDe Design 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."

At 0805 BST, shares in Inspecs Group were up 5.47% at 344.9p.