Model trains firm Hornby has warned its profits are behind schedule after the UK’s big freeze impacted on railways big and small.
The Scalextric-to-Airfix hobby company said its sales were disrupted by the weather during its busiest trading period, which in turn limited the need for retail customers to replenish stock during recent weeks.
The company expects profits for the year to March 31 to be below current market forecasts but said the difficulties were mainly due to one-off factors and that it remained confident in its strategy.
Chairman Neil Johnson added: “We continue to see significant growth potential in many of our markets.”
As well as the weather disruption, Hornby’s sales in Europe have been hit by shortages of product due to supply chain issues.
These problems are being resolved but sales in Europe failed to recover sufficiently to make up the lost ground, the company added.