Hornby warns on pricing, despite Christmas boost - ToyNews

Hornby warns on pricing, despite Christmas boost

Christmas sales went well for Hornby, but the firm has warned that results will be at the low-end of analyst expectations.
Publish date:
Social count:

Hornby said expects trading for the year to March to be at the low end of analysts' expectations, due in part to muted demand in the pre-Christmas period.

The firm is concerned that Sterling's depreciation against both the Euro and the US dollar could become an issue in coming months.

"Unless sterling strengthens from its current rate, we would anticipate a material erosion to our margins in the year to 31st March 2010," said that firm in a statement.

It added that it was considering raising prices to mitigate those effects. But said it expected a strong finish to the current financial year.

"Overall trading in December was significantly above the previous year. We continue to operate within our banking facilities."


Featured Jobs

Gameplan Job Logo 620 x 349

Sales Director UK

Our client is a well established privately owned UK toy manufacturer which has won numerous awards for outstandingly innovative toys, gifts and gadgets. A correspondingly outstanding and talented UK Sales Director is to be recruited who has the potential, the will, the drive and the ambition to advance to a higher position within a few years.

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.