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HomeBusiness NewsBusinessBusiness GrowthHornby is full steam ahead for 20% rise in sales

Hornby is full steam ahead for 20% rise in sales

by LLB Finance Reporter
20th Jan 21 11:48 am

Hornby the model train company have said they can see light at the end of the tunnel to beat last year’s sales. They announced today that they expect to report 15% to 20% higher sales for their financial year ending 31 March.

“No one expected the last year to turn out as it did,” said chief executive Lyndon Davies.

“It is hard, however, not to want to spread a little ‘good news’ amongst all the bad.

“The transformation at Hornby continues to accelerate, this is not time for braking, we must now accelerate upwards through the gears.”

Hornby’s financial year has had many challenges and their net cash was £3.8m by 31 December, compared to £9.9m the previous year.

Hornby said, “January to date has been a slower start that we would have liked as we contend with tighter Covid-19 restrictions within the warehouse and the impact of courier companies pausing collections bound for Europe due to Brexit backlogs.”

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