The Inspecs Group PLC, an international designer and manufacturer of glasses, has released its unchecked half -year figures until June 30, 2025. The turnover was £ 97.6 million (112.52 million euros) and was therefore below the previous year’s value of 100.6 million British pounds.
The adjusted result before interest, taxes and depreciation (EBITDA) also decreased, from eleven million British pounds in the same period last year to nine million pounds. According to the company, the results are due to weaker demand in Europe and the uncertainty by US tariffs.
“As a global glasses company, we have experienced the widely reported macroeconomic challenges, including persistent customs disorders and damped consumer mood. As a result, the group turnover is slightly behind the previous year in the first half of the year,” said CEO Richard Peck.
US tariffs burden the business
The sales business for versions and optics recorded a drop in sales from three percent to 91.4 million British pounds. The US business for the visually impaired was particularly affected, where higher product costs due to the tariffs some customers prompted to relieve purchase. In addition, there were delays or cuts of state financing for several large customers.
The US acquisition business combined in the past year developed positively: higher sales with lower operating costs could be achieved here. In Europe, on the other hand, the business was more due, although the introduction of the new TOM-Sailor glasses collection started successfully.
The production business was also burdened by the tariffs. Sales fell to £ 7.9 million. Numerous customers had postponed orders, the company said. However, the new factory in Vietnam and an increase in the order inventory by 3.9 percent on August 31, 2025 gives hope.
Outlook and changes on the board
For the coming months, Inspecs relies on surgical efficiency increases and strategic merging of its European business. CEO Peck confirmed that the company continued to have “legitimate expectations” to reach its annual forecast of 18.7 million British pounds at adjusted EBITDA.
In addition, the board announced that Andrea Davis was elected as the new chairman of the supervisory board. Your appointment should take place by December 31, 2025. A dividend distribution for the current financial year is not planned.
This article was used with digital tools translated.
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