Hornby not 'immune' to Covid-19, withholds guidance

16th Apr 2020 10:00

(Sharecast News) - Model railway group Hornby withdrew guidance on Thursday as a result of the Covid-19 pandemic but said it was in a "strong position" after a recent fundraising.
Hornby also said it had taken "prudent steps" to ensure its compliance with relevant government directives as it registered to benefit from certain support schemes in several countries, including deferments of taxes and social charges, grants and reliefs and the selective furloughing of staff.

"More information on the progress of the turnaround strategy will be included in the full-year results announcement, which we are planning to release in June," concluded Hornby.

As of 1000 BST, Hornby shares were down 0.98% at 30.20p.