Hornby PLC Trading Statement (2022V)
April 13 2021 - 01:00AM
UK Regulatory
TIDMHRN
RNS Number : 2022V
Hornby PLC
13 April 2021
Hornby Plc ("Hornby" or "the Group")
Trading Update
Hornby Plc, the international models and collectibles Group, is
today updating shareholders on trading for the 4(th) quarter ending
31 March 2021.
Business Performance
Group sales for the 4(th) quarter were very encouraging and
ahead of budget and the same period last year. As a result,
cumulative group sales for the financial year ended 31 March 2021
were ahead of budget and 28% ahead of the prior year.
Covid-19
Whilst the COVID-19 pandemic continues to present uncertainty,
both Hornby and our suppliers have been able to operate more
effectively through the current restrictions than was the case in
the first lockdown, as evidenced by the resilient levels of
activity seen in Q4.
Financial Position
Net cash as at 31 March 2021 was GBP4.7 million compared to net
cash of GBP5.4 million at the end of March 2020.
More information will be included in the full year results
announcement, which we are planning to release in June.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as amended by The
Market Abuse (Amendment) (EU Exit) Regulations 2019.
-ends-
Enquiries:
Hornby plc
Lyndon Davies, CEO 01843 233 500
Kirstie Gould, CFO
Liberum Capital Limited, Nominated Advisor and Broker
Andrew Godber 020 3100 2222
Edward Thomas
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END
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