Articles about Hornby

Hornby suffered £1.2m loss for fiscal year

Hornby has resolved to improve its performance after the toy company suffered losses of £1.2 million during the last financial year.

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Hornby brings production back to the UK
Photo credit: Hornby

Hornby, the model-maker behind model trains, Scalextric and Meccano, has announced that some of its production will take place in the UK amid increased labour costs in China. Production of some of its Airflix products is understood to be moving to Newhaven in Sussex after the company had been reliant on a number of Chinese suppliers.

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Hornby issues profit warning after Olympic flop

Hornby issued a profit warning today after the Olympics failed to boost sales of its London 2012 branded goods.

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Toy manufacturer Hornby has said it made a good start to 2011 and that it was feeling confident in the run-up to the key Christmas period after the resolution of problems with suppliers in China.

Hornby said all its brands were performing well in Britain and that it expected demand for its Olympics-branded merchandise to build ahead of the London 2012 Olympic games.

"The effect of pent-up demand in Europe, now being satisfied by improved supplies from China, and the positive impact of incremental sales of London 2012 merchandise gives us confidence in the out-turn for the year," Chairman Neil Johnson told shareholders at the company's annual meeting on Monday.

Johnson also said that the challenging economic conditions are not affecting Hornby too much and that good progress has been made across the UK, Europe and the United States.

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