Hornby PLC - Trading Update and Impact of COVID-19
Trading Update and Impact of COVID-19
Revenue and gross margin for the financial year to
In light of the COVID-19 pandemic, the Board has taken prudent steps to prioritise the safety of our staff, their families and our customers and we are ensuring our compliance with relevant Government directives. The Group has registered to benefit from Government support schemes in countries where it operates, including deferments of taxes and social charges, grants and reliefs and selectively furloughing staff.
It is not possible at this time to give financial guidance on the impact of the COVID-19 virus due to the uncertainty of its duration and impact. Whilst the Group will not be immune to the effect of the virus, it has started the new financial year in a strong position following the completion of the fund raising and the Board is adapting the business to operating in the new environment.
More information on the progress of the turnaround strategy will be included in the full year results announcement, which we are planning to release in June.
Financial PR Advisor
Scott Fulton 07788 144993
This information is provided by RNS, the news service of the
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Market Cap: £60.09 m
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