Last checked at 12 Apr 2022 07:00
Hornby Plc ("Hornby" or "the Group")
Trading Update
Hornby Plc, the international models and collectibles Group, is today updating shareholders on trading for the 4th quarter ending 31 March 2022.
Business Performance
Group sales for the 4th quarter were very encouraging and ahead of the same period last year. As a result, cumulative group sales and margins for the financial year ended 31 March 2022 were in line with budget and ahead of the prior year.
The Group will report a profit for the year having first returned to a position of profitability in the prior year.
Supply Chain
Managing supply chains continues to be challenging with extended shipping times from our partner factories and disruptions in UK deliveries into our warehouse due to a lack of drivers and fuel. Electronic components availability and lead times have also impacted our ability to increase sales further during the financial year ending 31 March 2022.
Financial Position
Net cash as at 31 March 2022 was £3.9 million compared to net cash of £4.7 million at the end of March 2021.
More information will be included in the full year results announcement, which we are planning to release in June.
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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