Year End Trading Update

RNS Number : 8381B

Hornby PLC

23 April 2012

 



Hornby Plc ("Hornby" or "the Company")

Hornby Plc - Year End Trading Update

Hornby Plc, the international models and collectibles group, is today updating shareholders on trading ahead of its Preliminary Results for the year ended 31 March 2012, which are expected to be announced on 8 June 2012.

The Board expects to report underlying pre-tax profits for the period, subject to audit, of not less than £4.5 million.  Following the January update, trading in the final quarter of the financial year to 31 March 2012 has remained muted.  The backdrop of a challenging retail sector in the UK remains, but the Company has increased its distribution coverage significantly as a result of products relating to the London 2012 Games.  The Group's international business traded strongly and made a positive contribution. 

Neil Johnson, Chairman of Hornby, commented,

"  The results for the year reflect the impact of a weak retail environment in the UK.    However, the performance of our international business continues to improve and our London 2012 Games range of merchandise is proving to be increasingly popular.  The Board is looking ahead with confidence."

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Date: 23 April 2012

For further information contact:

Hornby Plc	City Profile
Frank Martin, Chief Executive	Simon Courtenay/ Abigail Genis
Andrew Morris, Group Finance Director	020-7448-3244
01843-233500
Web: www.hornby.com

 

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