April Trading update

[CUCKOO LINE]

RNS Number : 2022V

Hornby PLC

13 April 2021

 

Hornby Plc ("Hornby" or "the Group")

Trading Update

Hornby Plc, the international models and collectibles Group, is today updating shareholders on trading for the 4th quarter ending 31 March 2021.

Business Performance 

Group sales for the 4th quarter were very encouraging and ahead of budget and the same period last year. As a result, cumulative group sales for the financial year ended 31 March 2021 were ahead of budget and 28% ahead of the prior year.

Covid-19

Whilst the COVID-19 pandemic continues to present uncertainty, both Hornby and our suppliers have been able to operate more effectively through the current restrictions than was the case in the first lockdown, as evidenced by the resilient levels of activity seen in Q4.

Financial Position

Net cash as at 31 March 2021 was £4.7 million compared to net cash of £5.4 million at the end of March 2020.

More information will be included in the full year results announcement, which we are planning to release in June.

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

-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

 

plus This is Money article

Hornby expects full-year sales to grow by 28 per cent | This is Money

 

 

 

 

Edited April 14, 2021 by CUCKOO LINE

[CUCKOO LINE]

 

sorry link didn't seem to appear to the article