AGM Trading Statement

RNS Number : 7747Z

Hornby PLC

23 September 2020

 

Hornby PLC

23 September 2020

Hornby PLC

("Hornby" or "the Group")

AGM Trading Statement

Hornby Plc, the international models and collectibles group, is today issuing the following trading statement ahead of the Group's Annual General Meeting.

Trading and Outlook

An important part of our focus in recent months has been ensuring the safety of our employees, and their families and the Board thanks them for their resilience and adaptability.  It is encouraging to report that our operations are nearly back to normal and we have made good progress against our strategic plan and KPIs. For the period from the 1^st April to the 31^st August 2020, sales and margins have been higher than the previous year and are higher than internal budgets.

As is usually the case in our industry; the outcome for the full year is subject to the sales rate over the key Christmas trading period and there is the potential for disruption depending on the arrangements for leaving the EU.

More detail will be disclosed in the interim results which are due to be released in November 2020.

-ends-

Enquiries:

Hornby plc

Lyndon Davies, CEO                             01843 233 500

Kirstie Gould, CFO

Liberum Capital Limited, Nominated Advisor and Broker

Andrew Godber    020 3100 2222

Edward Thomas

Financial PR Advisor

Scott Fulton    07788 144993

 

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