9th Sep 2016 07:07
LONDON (Alliance News) - Model trains and collectibles group Hornby PLC said current trading is line with its expectations, ahead of its annual general meeting on Friday.
Hornby said it is implementing a new business plan to refocus the business on existing profitable and cash generative products, channels and geographies, while also reducing the business's cost base.
"The planned business restructuring is on track and the board remains focused on returning the group back to a position of sustainable profit and cash generation," Hornby said in a statement.
Hornby will release its results for the first half to the end of September in mid-November.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Hornby