Hornby owns a number of model railway and slot car brands including Scalextric, Airfix models, Humbrol paints and Corgi die cast models.
The company posted a pretax loss of
Revenues in the year fell to
The company said it increased its gross profit margin in the year, largely as a result of the heavy discounting on
"The availability and supply of high end model rail products with higher margins is still well below planned levels. Therefore the overall margin is still suppressed when compared to historic levels," Hornby said in its statement.
Hornby said that trading conditions in its
"Our subsidiaries have again sustained the most detrimental overall impact to sales as a result of the supply chain disruption as the relative proportion of model railway sales in their businesses is higher," the company said.
It said that Scalextric sales were buoyed by its popular set "Demolition Derby", while sales of Airfix were also positive.
The company said sales of its Hornby model railways declined as it "wrestled with getting production capability out of the incumbent supplier."
"This has been another year in which trading has been challenging and therefore the decision has been taken not to pay a dividend," the company added.
The company did not pay a dividend the year before.
Hornby shares were up 1.2% at
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