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Birmingham Post
Birmingham Post
Business
Hannah Baker

Eyewear designer Inspecs sees 'strong performance' in first quarter of 2021

Bath-based eyewear designer Inspecs has posted revenues of $67m (£48m) for the first quarter of the year.

The company, which manufactures and distributes frames for glasses, announced a trading update for the three months to March 31, 2021.

The business said it had delivered a “strong performance” despite nationwide lockdowns in the UK, Germany and France, and in some US states.

“Whilst this performance marks a positive start to the year, the board remains cautious on 2021 as Covid-19 remains prevalent across the world,” the company said in a statement.

Inspecs said the integration of German-based Eschenbach Holdings was also “progressing to plan” following the recent acquisition - and a number of joint projects were already “underway”.

In November, Inspecs conditionally agreed to acquire all the equity interests in the Nuremberg-based eyewear supplier.

Eschenbach has two divisions; one is focused on designing and distributing glasses frames and one on designing, manufacturing and distributing specialist optics products.

The senior management team from Eschenbach, which itself owns US eyewear firm Tura, joined Inspecs as part of the deal.

Last year, Inspecs also bought up the manufacturing arm of a Gloucester-based glasses company that went into administration.

Inspecs will announce its final results on June 18.

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