Model railway maker Hornby puts the brakes on non-UK orders due to Brexit uncertainty Model railway brand Hornby puts the brakes on non-UK orders due to Brexit Model railway maker Hornby will not accept international orders until next year due to Brexit uncertainty, it announced this afternoon. Hornby said it has paused all non-UK orders until 4 January 2021. Shares in the retailer, which also sells Scalextric racing kits, fell seven per cent following the announcement. In a statement the company said: [...]
Hornby eyes £15m raise for ‘solid foundation’ Model train maker Hornby is seeking to raise £15m today as it seeks a “solid foundation” to build on with brands like Airfix and Scalextric. It will do that by issuing almost 42m new shares at 36p each, with chief executive Lyndon Davies saying: “The strengthening of our balance sheet provides a solid foundation for [...]
Model railway brand Hornby narrows losses after putting brakes on discounting Model railway brand Hornby narrowed its losses in the first half of the year as the company ramped up full-price sales and put the brakes on discounting. The figures The company reported a loss after tax of £2.71m in the six months to 30 September, from a £3.23m loss the previous year. Read more: Hornby [...]
Hornby wants to build a Brexit model train that doesn’t work September 25, 2019 Toy train maker Hornby has said it regrets “not producing a Brexit-themed model” in a trading update issued to investors ahead of its AGM later today. “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,” Hornby [...]
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 [...]