Hornby PLC – Half-year Report

28 Nov

Hornby Plc (“Hornby”), the international hobby products Group, today announces its interim results for the six months ended 30 September 2019.

Interim Results Highlights

· Group revenue of £15.9 million (2018: £13.8 million) an increase of 15% on prior year

· Operating Group loss before tax* of £2.4 million (2018: loss of £3.0 million)

· Statutory loss before taxation for the period of £2.5 million (2018: loss of £3.2 million)

· Net debt of £8.4 million (2018: £1.8 million)

* Stated before exceptional items.

Lyndon Davies, Hornby Chief Executive, commented:

“Revenue is growing, losses are narrowing and we are shifting gears in our journey back to profitability and beyond”.

HRN