REG - Hornby PLC - Trading Statement

HornbyAnnouncement

12/04/2022 07:01

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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.

 

-ends-

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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