Hornby turnover up 11 per cent

Half-year results reveal 50 per cent growth in Europe; Momentum expected to continue with London 2012 lines.
Publish date:
Social count:

Hornby’s like-for-like sales grew 11 per cent in the six months to September 30th. Revenues were £28.3 million compared to £25.5 million in the same period last year, with operating profit at £1.3 million compared to £858,000 in 2010.

Hornby said that its European business grew by 50 per cent and was 'particularly pleased' with its progress in Germany, Europe’s largest market for modern railway. UK sales improved four per cent.

Reflecting on the figures, Frank Martin, chief executive of Hornby said: “We are delighted with the performance of the Group in the first half. Our sales in the UK have continued to be resilient, which demonstrates the enduring appeal of our brands and the strength of the hobbyist market.

“Our European business is performing strongly. It is clear that there is a significant opportunity to build the scale of our model railway business in Europe.”

The firm is expecting a good return on its licensed London 2012 ranges after improving its Chinese supply line and with a Christmas media campaign in place.

“Hornby is well positioned ahead of the important Christmas period and 2012, the year of the London 2012 Games,” said Martin.

“Our Olympic and Paralympic ranges are selling well and we have increased our distribution network considerably in the UK.”

Hornby also set up new distribution deals for its London 2012 lines in Olympics-loving China.



Hornby on the up

Hornby has reported a 15 per cent increase in sales to £45m for the year to the end of March, with pre-tax profits up 16 per cent to £7.5m.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.