Daily Investment Market News from London
Saturday 19th of July 2008
November 12, 2007

Hornby sales boosted following success of Lewis Hamilton


by Kay Murchie

Hornby sales boosted following success of Lewis Hamilton

Lewis Hamilton, the British Formula 1 driver, has helped toy maker Hornby, boost sales of Scalextric by 37% in the last 6 months.

Hornby, which bought Airfix for £2.6 million last year, posted an increase in half-year pre-tax profits from £1.4 million to £2.7 million.

Frank Martin, Hornby’s Chief executive, said Lewis Hamilton’s achievements this season generated a lot of interest in the car racing game.

In addition, Hornby expects the Vodafone McLaren Mercedes Team F1 Scalextric set, costing £100-£250, will be a big seller this Christmas.

Hornby benefited from a 70% increase in sales in Europe to £6.04 million as acquisitions in Italy and Spain started to perform.

Mr Martin concluded that it was only in this half that the cumulative effect of moving manufacturing to China, re-engineering the products and reintroducing them with more authenticity came through.

Story link: Hornby sales boosted following success of Lewis Hamilton



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