Trading Statement

RNS Number : 6888L

Hornby PLC

15 September 2021

 

Hornby PLC

15 September 2021

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

For the period from the 1^st April to the 31^st August 2021, sales and margins have been slightly lower than the previous year but in line with internal budgets. Trading patterns have begun to return to those experienced in pre-covid times.

On 30 July 2021, the Group completed the acquisition of the remaining 51% of LCD Enterprises Limited for a cash consideration of £1.3m.

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. Our outstanding order book is very strong and substantially higher than a year ago, however timing is everything when it comes to Christmas and we are mindful of the potential supply disruption at the ports continuing.

More detail will be disclosed in the interim results which are due to be released in November 2021.

Enquiries: 

Hornby plc

Lyndon Davies, CEO

Kirstie Gould, CFO  01843 233 500

Liberum 

Andrew Godber      020 3100 2222

Edward Thomas

 

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