Shares in Inspecs Group PLC (AIM:SPEC), the eyewear manufacturer, fell 18% in early trading following a trading update revealing weaker-than-expected sales growth in the fourth quarter.
Despite year-on-year growth in the second half, slower recovery in European markets and deferred orders from major customers have impacted performance.
The company now anticipates annual revenue of approximately £197 million, with underlying EBITDA between £17.4 million and £17.9 million, falling short of initial expectations.
Inspecs highlighted its newly completed manufacturing facility in Vietnam as a growth driver for 2025.
A further trading update is expected in January.
In the first half hour of trading the stock was off 8.5p at 40p.