Hornby: Model train maker steams ahead in lockdown - BBC News
Model railway maker Hornby has seen its sales surge by 33% in the six months to the end of September, as more people took up hobbies in lockdown.
The firm, which also makes Corgi cars and Scalextric racing kits, said it had benefitted from families spending more time at home.
Not along ago, Hornby was "a company in chaos", losing up to £10m a year, according to boss Lyndon Davies.
He hailed the company's return to profit in a "time of adversity".
"We have observed hitherto successful and profitable companies worldwide crumbling under the pressure [of the pandemic], with losses, closures and tumbling share values.
"Yet we have not only weathered this shattering storm, our sales have increased by 33% in the first half of 2020, moving Hornby back into profitability."
Model railway maker Hornby has seen its sales surge by 33% in the six months to the end of September, as more people took up hobbies in lockdown.
The firm, which also makes Corgi cars and Scalextric racing kits, said it had benefitted from families spending more time at home.
Not along ago, Hornby was "a company in chaos", losing up to £10m a year, according to boss Lyndon Davies.
He hailed the company's return to profit in a "time of adversity".
"We have observed hitherto successful and profitable companies worldwide crumbling under the pressure [of the pandemic], with losses, closures and tumbling share values.
"Yet we have not only weathered this shattering storm, our sales have increased by 33% in the first half of 2020, moving Hornby back into profitability."
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