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DT
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5,195 Posts
Discussion Starter · #1 ·


Hornby Plc ("Hornby"), the international hobby products group, has today announced its results for the year ended 31 March 2011

· Turnover for the year down 1% to £63.4 million (2010: £63.9 million)
· Net debt £6.1 million (2010: £3.2 million)
· Underlying profit before tax* of £4.4 million (2010: £5.7 million)
· Reported profit before tax of £4.1 million (2010: £5.2 million)
· Statutory basic earnings per share 7.50p (2010: 9.76p)
· Total dividend of 5.0p per share (2010: 5.0p)
· Sales of London 2012 merchandise accelerating
· New licence wins including Star Wars and Disney Pixar's 'Cars 2'

Frank Martin, Chief Executive of Hornby, commented:

"The business is in great shape. We are delighted that we have secured the worldwide licence for a range of Star Wars Scalextric products. As the films are converted into 3D format by Lucasfilm over the next few years, we anticipate that we will get an encouraging reaction to our new range of speeder bikes and X-wing fighters. We also have high hopes for our products associated with the new Disney/Pixar movie "Cars2" and have also secured the exclusive worldwide Master Toy licence rights to a new children's animated TV series 'Olly the Little White Van' which will soon be launched on ITV.

"Our range of London 2012 merchandise is now gathering real momentum. As we approach a year to go to the games, we are seeing a significant increase in sales. We are also benefiting from the increased distribution coverage.

"The team is very pleased that our supply chain is now delivering. Our major suppliers are working well and we are confident that they will support our growth ambitions in the UK and our overseas markets.

"Looking ahead, Hornby is in an excellent position. This is a very exciting time for us with the imminent launch of new products. The new licence wins have presented us with an outstanding opportunity to appeal to a new generation of hobbyists and represents a major opportunity for us to grow our business and deliver significant value for our shareholders."

Outlook from CHAIRMAN'S STATEMENT (Neil Johnson, Chairman, 3 June 2011)

Despite the frustrations caused by supply delays, the Group has continued to exploit the synergies arising from its strong brand portfolio. In particular our prominent position has resulted in further high profile licences being secured. We will shortly launch Scalextric products based on the forthcoming Disney/Pixar movie "Cars 2". We have also achieved a major coup in securing worldwide Slot-racing rights to the Star Wars movie franchise. Beginning with the theatrical release of Star Wars: Episode I The Phantom Menace in 2012, Lucasfilm will convert the series of six Star Wars movies into 3D format. We believe that our association with this powerful franchise will drive incremental Scalextric sales for many years to come, particularly in the USA.
 

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Slot Car Racer and Builder
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1,828 Posts
Luke's land speeder would be cool


scalextric could try a mag-lev systems

but I would really like to see the Death Star - maybe they could do a Death Star set with the canyon run - you know race the x-wing and tie fighter around a Death star track


DM
 

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Tom Brown (Scorpus Flex)
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1,214 Posts
i think they have missed a trick here with a star wars liscense they could make those hover racing chariot things from episode 1 from the race sequence.
 

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DT
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5,195 Posts
The only racing ever done in Star Wars was the Pod Racing from Episode I.



Not sure where 'speeder bikes' get to race, but the Pod racers would be interesting.... but how would they fit in a slot? Looks like a job for the guy who designed the Olympic velodrome set.
 

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Premium Member
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1,487 Posts
QUOTE (Saviour @ 3 Jun 2011, 15:43) <{POST_SNAPBACK}>That confirms it then. Hornby/Scalextric are only in it for the money.
For any business, they have to be in it for the money. It's not in anyone's interest for them to go under.
QUOTE (Saviour @ 3 Jun 2011, 15:43) <{POST_SNAPBACK}>Selling to the under 12's. Crash and Bash, Cars/2 etc. Hopefully it will keep the hobby going by putting an interest into, what, 10% of the people who buy it????
If someone offered your business a 10% boost (if 10% is right), you'd take it with both hands. Plus it's an excuse to get some advertising in, more product awareness...
QUOTE (Saviour @ 3 Jun 2011, 15:43) <{POST_SNAPBACK}>Gimmicks do sell, but do not last.
True-ish. But I think they'd have gone under long ago if they were only making Grand Prix cars.
 

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Jim Moyes
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5,068 Posts
What's Star Wars?
 
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