REG - Hornby PLC - AGM Trading Statement

HornbyAnnouncement

23/09/2020 07:01

RNS Number : 7747Z
  
Hornby PLC
  
23 September 2020
  
 

Hornby PLC
23 September 2020
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
An important part of our focus in recent months has been ensuring the safety of our employees, and their families and the Board thanks them for their resilience and adaptability.  It is encouraging to report that our operations are nearly back to normal and we have made good progress against our strategic plan and KPIs. For the period from the 1st April to the 31st August 2020, sales and margins have been higher than the previous year and are higher than internal budgets.
 
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 and there is the potential for disruption depending on the arrangements for leaving the EU.
 
  
More detail will be disclosed in the interim results which are due to be released in November 2020.
 
 
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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
 
Financial PR Advisor
Scott Fulton                                          07788 144993

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