Shares in Inspecs Group PLC (AIM:SPEC) slid 8% to 50p after the eyewear maker said uncertainty surrounding US tariffs has hit group sales.
Revenues as of the end of May were lower than the prior year, the company said in a statement ahead of its annual shareholder meeting.
On the plus side, demand in Europe is strengthening, said chair and founder Robin Totterman, adding that a focus on improving operational efficiency and implementing cost-saving initiatives "is expected to accelerate in the second half, to mitigate these headwinds".
Projects with major retailers in the US and Canada are also "progressing well", he said, while a strategic review of the Norville lens business is expected to be wrapped up by the end of June.
"We expect revenue for the full year 2025 to be broadly flat versus 2024, and our guidance on EBITDA remains unchanged."
Totterman (pictured in happier times) is stepping down as chair today, having founded the company in 1988, with the search for a new chair still ongoing.