Hornby Plc provided earnings guidance for the fourth quarter ended March 31, 2014. At the operating level, the group has traded in line with the Board's expectations in the last quarter and expects to deliver a performance for the year around breakeven at the underlying pre-tax level as indicated in its last trading update. However, the company have suffered a further £0.2 million foreign exchange loss since January's update that will therefore lead to an expected £1.2 million loss overall.

Net debt at the end of March 2014 is now expected to be around £7.3 million compared to £6.5 million at the end of December 2013 and £2.1 million at 31 March 2013.