Hornby plc (GB:HRN) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Hornby plc reported a 10% increase in revenue for the first half of 2024, reaching £25 million, despite a statutory loss before taxation of £5.1 million. The company is implementing strategic changes, including headcount reduction and logistics relocation, to enhance operational efficiency and cost savings. Hornby is focusing on expanding new markets and rationalizing its brand portfolio, which includes the sale of Oxford Diecast to concentrate on its Corgi brand.
For further insights into GB:HRN stock, check out TipRanks’ Stock Analysis page.
