Hornby on track for a bumper Christmas as he loads up on trains, Scalextric cars and Airfix models
Model train maker Hornby is pinning its hopes on Christmas and has increased its stock of toys.
Last year, supply chain issues meant products arrived after the holiday season, disappointing customers desperate to get their hands on trains, Scalextric cars and Airfix model planes.
But Lyndon Davies, Hornby’s boss, says he is in a stronger position. He said: “Shipments from our factories are 40% higher than last year.
Critical time: Analysts say Hornby needs a good Christmas, after suffering a loss of £2.9million in the six months to September 30, compared to a loss of £700,000 a year earlier early
“We are still suffering from late departure dates, but costs have not returned to pre-Covid levels.” He warned that inflation could further dampen performance and declined to offer full-year earnings guidance.
In September, he said the industry could ride out the economic storm as buyers “looked for comfort”.
Sir Rod Stewart in 2019 revealed his own set of model trains, which he spent 26 years making.
Other famous enthusiasts include Tom Hanks, Jools Holland and presenter Anne Diamond.
Hornby lost £2.9million in the six months to September 30, compared with a loss of £700,000 a year earlier.