Hornby profits fall by 40 per cent

Hornby profits fall by 40 per cent

HORNBY, the model train maker, has been shunted into the sidings by a slowdown in retail orders and weak sales of children's train sets and its Scalextric range. Reporting a 40 per cent slump in first half profits to pounds 253,000, Hornby blamed the weak UK market for its problems with sales between July and September. The group said retailers are increasingly leaving orders to the last minute to avoid being left with unsold stock.