Hornby expects revenue to fall despite turnaround plan April 9, 2019 Model train-maker Hornby said today revenue for the year would be lower than the previous year due to issues with stock shortages. In a trading update for the year to 31 March it said that despite these “legacy issues”, its underlying margins have improved and reduction in overheads has continued. Read more: Hornby narrows losses [...]
Model train maker Hornby narrows losses as it plans to get back on track November 22, 2018 Model railway maker Hornby today said it will end discounting as it reported a reduction in losses in the six months to the end of September, sending shares up more than five per cent. The figures Hornby’s revenue was down to £13.8m from £17m in the same period last year. Group loss before tax was £3.2m, [...]
Model maker Hornby on track to meet targets despite drop in sales September 26, 2018 Model train maker Hornby told investors its trading outlook was staying on track this morning, despite a drop in sales over the last six months. Ahead of its annual meeting later on today, the company gave a trading update – saying its decision to slow discounting has led to lower sales. However, it said not slashing [...]
Shares up after toymaker Hornby signs Warner Bros deal to use Harry Potter and DC superheroes franchise September 17, 2018 Shares in model railway manufacturer Hornby jumped more than 30 per cent this morning as it was announced the collectables group signed an agreement to create products using the Harry Potter and DC superheroes franchise. The agreement with Warner Bros will allow the company to release model railway and slot car sets under the Hornby Railways, Scalextric and [...]
Hornby completes £15m placing and makes junior market debut August 12, 2015 HORNBY, the toymaker behind Thomas the Tank Engine, has delisted from London’s main market and launched on Aim today as part of a radical turnaround of the troubled business. The Kent-based company said it has also completed a £15m placing, which will be used to pay down bank debt and fund its recovery. Hornby has [...]
Hornby raises £15m through Aim placing June 18, 2015 Troubled model maker Hornby has raised £15m, delisting and placing 16m shares on Aim, it said this morning. The company said it had placed new ordinary shares at 95p per share, and will use the cash it raised to pay off £8m of bank debt. The news came as the company announced it had steamed [...]
Kitstarter: All aboard Hornby’s new Airfix crowdfunding project May 29, 2015 Who said model planes were old fashioned? Hornby, the company behind Airfix, has launched its own crowdfunding project – called, naturally, "Kitstarter". The idea behind the scheme is that if an Airfix model no longer in production gets enough backing, it will bring it back. Model fans will be able to pre-order it via Hornby's [...]
Hornby steams ahead as train sets boost sales over Christmas February 10, 2015 Model railways and Scalextric train sets were on people’s wishlists this Christmas, helping toymaker Hornby deliver a five per cent rise in third quarter sales. The Kent-based company said UK sales over the three months from 1 October were seven per cent ahead of the same time last year and that the year ahead looked [...]
Hawker Typhoon, Cops’n’Robbers and the Flying Scotsman: Has Hornby got its mojo back? November 21, 2014 Alright, so you couldn't say it's steaming ahead – but after three profit warnings in two years, it looks like Hornby is back on track. The company behind Airfix and Scalextric said sales increased by eight per cent to £24.2m in the six months to the end of September, ending a run of bad luck. [...]
Full service: The & Partnership boss Johnny Hornby on changes in marketing June 16, 2014 Liam Ward-Proud talks to Johnny Hornby, chief executive of The & Partnership It's easy to forget that media buyers and creative agencies haven’t long existed as separate entities. As late as the 1980s, the archetypal agency was “full service”, overseeing all aspects of a campaign. Johnny Hornby, chief executive and founding partner of new agency [...]