Hornby 'nearly back to normal' following Covid-19 disruptions
By Iain Gilbert
Date: Wednesday 23 Sep 2020
(Sharecast News) - Model railway brand Hornby said on Wednesday that operations were "nearly back to normal" following interruptions stemming from the Covid-19 pandemic.
Hornby said it had made "good progress" against its strategic plan and KPIs in recent months, with sales and margins now being higher than in both previous years and internal budget estimates.
"As is usually the case in our industry; the outcome for the full year is subject to the sales rate over the key Christmas trading period and there is the potential for disruption depending on the arrangements for leaving the EU," cautioned Hornby.
The AIM-listed group added that it would turn in its interim report card in November.
As of 1010 BST, Hornby shares were up 2.45% at 34.32p.
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