Hornby PLC – Final Results

Hornby Plc, the international models and collectibles group, today announces its results for the year ended 31 March 2019. 

Results Highlights

• Revenue of £32.8 million (2018: £35.7 million)
• Reported loss before tax £5.3 million (2018: £10.1 million loss)
• Underlying loss before tax of £4.4 million (2018: £7.6 million loss)
• Reported loss after tax £5.3 million (2018: £9.9 million loss)
• Exceptional expense items of £0.6 million (2018: £2.3 million) including costs relating to the relocation of the business and refinancing in 2018
• Net debt at 31 March 2019: £1.8 million (2018: £3.9 million cash) 

[1] Underlying figures are before amortization of intangibles (brand names and customer lists) and net unrealised foreign exchange movements on intercompany loans and exceptional items

Lyndon Davies, Hornby Chief Executive Officer, said:

“Over the last eighteen months we have created the foundations for the future across all parts of our business, we have really got to grips with the business now. We are firmly focused on the future and there is a passion reverberating around the corridors at our ancestral home in Margate which we returned to earlier this year”.