Hornby plc provided earnings guidance for the year ended March 31, 2015. The Group has traded in line with the Board's expectations in the last quarter and has delivered significantly improved sales growth during the period, against a particularly weak quarter this time last year. As a result, the year as a whole is now expected to show sales growth of 13% both for the Group and the UK business.

The company announced that this has allowed the investment in the business turnaround to continue at the same time as returning to an underlying profit in the region of £1.5 million, which is in line with market expectations. This will be the first year for three years that Hornby has delivered a pre-tax profit. Net debt at the end of March 2015 is now expected to be around £7.5 million compared to £7.9 million at the end of December 2014 and £7.3 million at March 31, 2014.