Hornby PLC Trading Statement (6888L)
September 15 2021 - 1:59AM
UK Regulatory
TIDMHRN
RNS Number : 6888L
Hornby PLC
15 September 2021
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 1(st) April to the 31(st) 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 GBP1.3m.
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
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END
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