Hornby Plc Struggles with Deepening Losses

Hornby plc (GB:HRN) has released an update.

Hornby Plc reported an increase in annual revenue to £56.2 million, a minor improvement from the previous year’s £55.1 million. However, the company’s financials also showed a deepening in losses, with an underlying loss before tax reaching £7.3 million and a reported loss after tax of £12.1 million, significantly higher than last year. This financial year also saw Hornby invest in its future, with the refurbishment of its visitor centre into WonderWorks and strategic acquisitions, despite an increase in net debt to £14.3 million.

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