Hornby plc (HRN.L)

Hornby's full-year sales hit by Red Sea delivery delays, early Easter

Its fourth-quarter sales fell 8% year-on-year, resulting in only a 2% increase to sales for the year ended March 31, at 56.2 million pounds ($69.6 million), the company said. "Whilst we close the year in a loss-making position and both net debt and inventory are still too high, we have seen a marked change in trajectory since the half year and aim to continue this positive improvement throughout the current financial year," Hornby said.