Last checked at 23 Apr 2012 09:40
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 |