Hornby shares slide as company signals lower revenues
16th Sep 2015 11:29
(ShareCast News) - Iconic model railway, plane and toy car maker Hornby saw its shares fall 4% after signalling that revenues in the first half would be lower after problems with a new computer system and supplying model railways to Europe. In an update, Hornby said as the new computer system was in
Read moreHornby launches pick-up delivery service at train stations
10th Jul 2015 15:21
(ShareCast News) - Iconic British railway modeler Hornby has partnered with DPD, a parcel delivery company, in a bid to enhance its supply chain. Under this agreement, the group will launch a train station parcel collection via Doddle. Consumers will be able to pick-up their online orders from a ran
Read moreHornby on 'the right track' after quarterly sales grow 5%
10th Feb 2015 15:52
Models and collectibles group Hornby registered 5% growth year-on-year in its sales for the third quarter, thanks to a solid performance over the Christmas period driven by its Scalextric and Corgi businesses. Sales grew 8% on a constant currency basis, in line what the performances over the previou
Read moreModel train-maker Hornby cuts first-half losses
21st Nov 2014 08:09
British model railway and Scalextric maker Hornby halved its losses in the first half of the financial year by increasing sales and improving its ranges. Hornby made a £520,000 loss in the first half, representing a turnaround after a loss of more than £1m in the same period a year ago. The firm at
Read moreHornby climbs on positive sales performance
19th Aug 2014 16:49
Reports of "encouraging" sales and a slight increase on last year's sales performance Hornby saw shares move higher on Tuesday. The group, which has suffered a tough couple of years, said encouraging sales of its Airfix and Corgi products had helped to bring the figure in line with expectations, pa
Read moreHornby delivers in-line results, CEO confident on outlook
27th Jun 2014 13:01
Hornby shares moved higher on Friday after the group's new Chief Executive Officer (CEO) gave a confident and upbeat outlook following a less than impressive set of annual figures for the hobby products maker. Hit by supply chain issues, revenues dropped 10% from £57.4m to £51.6m, or 2% on a like-
Read moreExchange rate loss derails Hornby results
8th Apr 2014 07:13
- Exchange rate loss to lead to an overall 1.2m pound loss - Trading, on an operating level, in line - Eyes improved trading next year Model railway and Scalextric car maker Hornby warned that a 0.2m pound exchange rate loss will lead to a 1.2m pound loss overall, but on an operating basis it tra
Read moreHornby on track with new Chief Executive
13th Feb 2014 08:06
Model railway and Scalextric slot car maker Hornby has appointed a new Chief Executive. The company said Richard Ames would take over the role in April, when Roger Canham, who is leading Hornby as Executive Chairman, will resume his Non-Executive Chairman's role. Ames's most recent role was as a m
Read moreHornby unveils annual loss
7th Jun 2013 08:07
Hobby products group Hornby reported an annual loss following a drop in annual turnover, disruptions to the supply chain and weak trading conditions in the UK and Europe. The company posted an loss before tax of £3.4 for the year ended March 31st, compared to a pre-tax profit of £4.0m a year earlie
Read moreOutgoing Hornby manager trades in 400,000 shares
4th Apr 2013 16:05
Frank Martin, the former Chief Executive of Hornby, which is best known for its model train sets and Scalextric racing kits, has reduced his stake in the group ahead of his retirement in June. Martin, who since announcing his retirement has occupied the role of Deputy Chairman, traded in 400,000 s
Read moreSearch for new Hornby Chief Executive underway
28th Mar 2013 07:48
Shares of Hornby, best known for its model train sets and Scalextric racing kits, came under pressure after it warned that the retail environment in the UK and Europe remains challenging and as it embarks on its search for a new Chief Executive. As previously announced, Frank Martin will retire fro
Read moreHornby sticks to full year guidance
30th Jan 2013 07:22
Struggling model maker Hornby said sales for the financial year to date remain below the same period last year, as reported in it interim results, but in line with expectations. In November Hornby said it would scrap its dividend following weak half-year results and said it would "approximately br
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreHornby chuffed with new FD
4th Jan 2013 07:19
Hornby has announced a new Finance Director as the struggling model maker aims to get up a head of steam going into 2013. Nick Stone will join the company on 14th January from software and consultancy group KBC Advanced Technologies where worked as FD for 11 years. Andrew Morris, the current FD, w
Read moreHornby disappoints with dividend smash
9th Nov 2012 10:27
Model maker Hornby, the model and toymaker, has scrapped its dividend following poor interims, saying that its performance in the current financial year will be "approximately break-even'. For the six months ended September 30th revenues were £27m (2011: £28.3m) producing a pre-tax loss of £0.54m c
Read more