Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Model railway group Hornby on track after solid H1

(Sharecast News) - British model railway maker Hornby said it continues to expect low double-digit revenue growth after a solid start to the new financial year. The company, which makes a wide range of models and collectibles for hobby enthusiasts, said sales and margins during the period from 1 April to 31 August have been ahead of the previous year.

As it goes into the crucial Christmas shopping season, the Hornby said its outstanding order book is strong with new products still to be released.

Meanwhile, online sales have seen impressive growth, of 34% year-on-year and 88% over the past two years.

"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," the company noted.

"Progress has been made in reducing aged stock over the first 5 months of the current financial year, although inventory levels remain high at the end of August, on account of planned stock build ahead of peak Autumn sales. This is expected to unwind over the key Christmas trading period."

Share this article

Related Sharecast Articles

On the Beach warns of 'challenging' value trading, on track for 'record summer'
(Sharecast News) - Online travel agency On the Beach warned that trading in the package holidays market had been "challenging" but still said it expects to deliver "a record summer" in terms of bookings.
Marston's delivers 'strong' LFL sales growth in H1, sees busy summer ahead
(Sharecast News) - Brewing company Marston's said on Tuesday that it had delivered "strong" like-for-like sales growth in H1, driving "good growth" in pub operating profits.
Mothercare shares slide as group enters refinancing negotiations
(Sharecast News) - Retailer Mothercare shares nosedived in early trading as the group revealed it had entered refinancing negotiations as demand for its products continued to be subdued.
Rathbones Group makes 'positive start' to FY24
(Sharecast News) - Wealth manager Rathbones said on Thursday that it had made a "positive start" to FY24, partly due to its merger with Investec Wealth & Investment back in 2023.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.