Hornby sales soar to £48.5 million!
Hornby has returned to profit in the year ending March 31 2021, reporting sales revenue up 28% on the previous year to £48.5 million.
The company, which as well as its model railway brands, also includes Airfix, Corgi, Humbrol and Scalextric, attributes the turnaround to modellers and collectors turning to their hobby during the pandemic.
In the company's annual financial report, Hornby Chief Executive Lyndon Davies confirmed: “Our new items were well-received and the changing landscape meant that many found comfort in our products. We gained a lot of new customers and our existing customers spent more on the hobbies they enjoy.”
The company made a £300,000 pre-tax profit for the year ending March 31 2021, compared to a £3.4 million loss the previous year. Said Mr Davies: “In a year overshadowed by the global pandemic and the consequences of Brexit, our employees have restored pride and profitability to the company. Frank Hornby would be proud of his legacy.”
Visit www.hornby.com for more information.