Trading Statement

RNS Number : 9999H

Hornby PLC

12 April 2022

 

Hornby Plc ("Hornby" or "the Group")

Trading Update

Hornby Plc, the international models and collectibles Group, is today updating shareholders on trading for the 4^th quarter ending 31 March 2022.

Business Performance  

Group sales for the 4^th 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

 

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