21st Jul 2005 11:00
Hornby PLC21 July 2005 CHAIRMAN'S AGM STATEMENT Speaking at the Annual General Meeting of Hornby Plc, the models andcollectibles Group, the Chairman Neil Johnson, will make the followingstatement. " I am pleased to confirm that prospects for the Group remain encouraging. Goodprogress has been made in transferring production of the Lima ranges from Italyto China and we expect to see sales revenues from these ranges starting in theAutumn. Our marketing initiatives in Spain will have a positive effect on salesand profits this year and, Scalextric USA is also expected to deliver animproved performance compared to last year. " In the UK however, we began to see some weakening of consumer demand duringMay. This trend has continued in June and July. However this is traditionally aquiet period for trading and it is therefore difficult to project future demandbased on current experience. Our listings with our retail customers remainstrong for the important pre-Christmas period; based upon these listings andassociated sales projections market expectations for the current financial yearremain achievable. " Further development of our recent international investments will, as planned,help to offset UK market fluctuations in future years." -ends- Date: 21 July 2005For further information contact: Hornby Plc City ProfileFrank Martin, Chief Executive Simon CourtenayJohn Stansfield, Finance Director Oliver Winters01843-233500 020-7448-3244Web: www.hornby.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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