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Hornby plc

09/25/2019 | Press release | Distributed by Public on 09/25/2019 00:04

AGM Statement

Hornby PLC

25 September 2019

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 1st April to the 31st August 2019, sales and margins have been higher than the previous year and are in line with 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. Timing is everything when it comes to Christmas and we are mindful of the potential supply disruption at the ports if/when we leave the EU. We started our Brexit preparations last year and we will do all we can to ensure our customers get what they want; on time and in full.

We regret not producing a Brexit themed model. Our new grasp of social media has shown us that people are passionate about sharing their views on the topic. If the situation persists, we have plans for a locomotive that reliably gets stuck between stations. Please subscribe to our exciting new YouTube channel, 'Signal Box' for updates:

YouTube - Hornby Signal Box

More detail will be disclosed in the interim results which are due to be released in November 2019.

Enquiries:

Hornby plc

Lyndon Davies, CEO 01843 233 500

Liberum

Andrew Godber 020 3100 2222

Edward Thomas

Capital Access Group

Scott Fulton 020 3763 3400