Last checked at 15 Sep 2021 07:00
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 1st April to the 31st 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