Hornby Share News (HRN)

Hornby surges as Frasers Group bumps stake up to 8.9%

(Sharecast News) - Hornby surged on Friday after Mike Ashley's Frasers Group lifted its stake in the model train maker to 8.9%.

Hornby points to first time buyers for third quarter sales growth

(Alliance News) - Hornby PLC on Wednesday said that it was boosted by first time buyers during Black Friday sales as sales rose in its third financial quarter.

Hornby Q3 sales grow on solid Black Friday performance

(Sharecast News) - Model railways group Hornby said on Wednesday that third-quarter sales had steamed ahead year-on-year, mostly driven by a solid Black Friday performance.

IN BRIEF: Hornby interim loss widens despite revenue uptick

Hornby PLC - Margate, England-based model train maker - Says revenue in the six months to September rose 6.3% to GBP23.8 million from GBP22.4 million a year prior due to the an increase in sales direct to consumers. Meanwhile, pretax loss widened to GBP5.1 million from GBP2.9 million the year before, as underlying overheads rose 17% to GBP14.6 million. This is due to an "increase in minimum wages, general inflationary increases and increased focus on direct selling routes and e-commerce costs including personnel." Looking ahead, Hornby expects full-year profitability to be "depressed" as it restructures the business and makes "necessary investments in people and processes." Nevertheless, maintains high single digit or low double digit revenue growth guidance for the full-year. Chief Executive Olly Raeburn comments: "Whilst topline revenue is growing, and remains in line with management guidance for the full year, there is a cost increase associated with what's being implemented. We head into the key Christmas trading period with a strong order book, a full calendar of promotional activity and a strong team in place. Whilst we do not expect the full benefits of this year's initiatives to take effect until the next financial year, I remain excited about the progress being made and look forward to seeing the impact of these changes over the next 12 months."

Hornby H1 losses widen as increased costs offset revenue growth

(Sharecast News) - Model railways manufacturer Hornby said on Thursday that interim pre-tax losses had widened as increased costs offset improved revenues.

IN BRIEF: Hornby trades ahead of last year going into Christmas season

Hornby PLC - Margate, England-based model train maker - Tells annual general meeting on Wednesday that sales and margins are ahead of a year before in the first five months of the financial year that began on April 1. Trading is in line with the company's forecast back in June of low double-digit revenue growth in financial 2024, and these expectations are unchanged. All will depend on the key Christmas trading period, but Hornby says it order book is strong with new products still set to be released. Internet invoiced sales are up 34% on last year and 81% on 2021. Hornby said its inventory remains high at the end of August, but this is expected to unwind over Christmas, and progress has been made on clearing aged stock.

IN BRIEF: Sondrel seeking new CFO as Lopez makes sudden exit

Sondrel Holdings PLC - Reading, England-based semiconductor company - Chief Financial Officer Joe Lopez stands down with immediate effect and "by mutual agreement". He will step down as a director before September 30. Sondrel appoints Nick Stone as non-board interim CFO, effective from Thursday. Stone most recently was CFO of Braemar PLC from 2019 to 2023; he also has served as CFO at The Appointment Group Ltd, Hornby PLC and KBC Advanced Technologies PLC. Sondrel has initiated its search process for a permanent CFO.

Model railway group Hornby on track after solid H1

(Sharecast News) - British model railway maker Hornby said it continues to expect low double-digit revenue growth after a solid start to the new financial year.

UK shareholder meetings calendar - next 7 days

Castelnau assists its brand Hornby in Warlord minority stake deal

(Alliance News) - Castelnau Group Ltd on Monday said it assisted Hornby PLC, which is part of its portfolio, in its 25% stake acquisition in Warlord Games Ltd.

Hornby buys 25pc of Warlord Games for £1.25m

(Sharecast News) - Models and collectibles group Hornby announced the acquisition of a 25% share in Warlord Games, it announced on Friday, which produces historical tabletop wargames, miniatures, and accessories.

Hornby acquires minority stake in Warlord, extends credit facility

(Alliance News) - Hornby PLC on Friday said it acquired a 25% share in Warlord Games Ltd for around GBP1.3 million, while it extended the term and amount of its existing credit facility.

Hornby shares drop on profit loss and "disappointing" revenue results

(Alliance News) - Hornby PLC on Thursday said poor sales performance prevented targeted annual revenue growth.

Hornby swings to full-year loss

(Sharecast News) - Model train set maker Hornby said on Thursday that it swung to a full-year loss, as it pointed to disappointing sales during the key October to December period.

Hornby director leaves to join UK government's battle against AI

(Alliance News) - Hornby PLC on Friday said its Non-Executive Director Henry de Zoete will step down in order to take up a full-time role as advisor to UK Prime Minister Rishi Sunak and Deputy Prime Minister Dominic Raab on artificial intelligence.