BATH, England—Inspecs Group plc (LSE: SPEC), a leading designer, manufacturer and distributor of eyewear frames, announced Thursday a trading update for the three-month period ending March 31, ahead of the planned announcement of final results on June 18. The Group reported it "delivered a strong trading performance in the first quarter with revenues of $67 million. This performance was achieved despite nationwide lockdowns in the U.K., Germany and France and a variety of state lockdowns in the USA. Whilst this performance marks a positive start to the year, the board remains cautious on 2021 as COVID-19 remains prevalent across the world."

In addition, the company said the integration of Eschenbach Holdings continues progressing to plan and the benefits of the enlarged group working together are starting to be realized, “with a number of joint projects under way.”

The Group added, “We look forward to driving further synergies and will provide a more detailed update on progress at the Group’s final results." Inspecs acquired Nuremberg Germany-based Eschenbach Holdings, which includes the American company Tura, in December 2020, as VMAIL reported. The acquisition extended the Group’s presence internationally in key global markets. This followed the acquisition of lens maker Norville in July 2020, whereby Inspecs combined two heritage brands in British optical, Savile Row frame maker, and Norville lens maker, further enhancing its vertically integrated business model.

Inspecs produces a broad range of frames and lenses, covering optical, sunglasses and safety, both branded or licensed brands, the group's own proprietary labels as well as OEM brands. Inspecs’ customers include global optical and non-optical retailers, global distributors and independent opticians, with its distribution network covering over 80 countries.