The firm has more than halved its first-half pretax losses, as sales of train sets rise 18 per cent.
Hornby sales appear to be back on track as the firm has said it has more than halved its first-half pre-tax losses.
Sales of model trains have risen by 18 per cent for the firm, reportedly boosted by the new range of products, including the P2 and Flying Scotsman train set.
In a turnaround for the hobby specialists, Hornby now expects to meet market expectations for both sales and profit for the full year.
Last month, the company – owner of a number of popular model and slot car brands including Scalextric, Airfix models and Corgi – moved its UK warehouse to a new 100,000 square feet facility in Hersden.
Hornby’s chief executive, Richard Ames, said: “We see further operational and strategic challenges ahead of us, but we also see that demand for products is strong and we remain confident that the group can continue to improve performance over the coming months and years.”
On the success of the Christmas trading season, Ames added: “Current indications are that it will meet the board’s expectations.”
