Hornby plc (GB:HRN) has released an update.
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Hornby Plc experienced a slight sales increase of 2% for the fiscal year ending March 31, 2024, with sales marginally impacted by delivery delays and an early Easter. Direct-to-consumer sales grew by 18%, indicating a continued positive trend, although the company reported a small underlying loss and an increase in net debt to £14.3 million. Despite these challenges, Hornby is cautiously optimistic, having made investments in Sales, Marketing, and R&D teams to improve performance in the current financial year.
For further insights into GB:HRN stock, check out TipRanks’ Stock Analysis page.
