Hornby Plc ("Hornby" or "the Group")
Hornby Plc, the international models and collectibles Group, is today updating shareholders on trading for the 4th quarter ending 31 March 2021.
Group sales for the 4th 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.
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.
Net cash as at 31 March 2021 was £4.7 million compared to net cash of £5.4 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.
Lyndon Davies, CEO 01843 233 500
Kirstie Gould, CFO
Liberum Capital Limited, Nominated Advisor and Broker
Andrew Godber 020 3100 2222