Hornby sales slump as model train maker is hit by Red Sea delays

Published on: April 22, 2024

By Daily Mail City & Finance Reporter

Updated: 22:03 BST, 22 April 2024

Off the rails: Hornby said sales over the first three months of the year were 8% lower than the same quarter a year ago

Off the rails: Hornby said sales over the first three months of the year were 8% lower than the same quarter a year ago

Hornby warned yesterday that some deliveries have been delayed as a result of shipping attacks in the Red Sea.

The Margate-based model train maker said this had contributed towards a fall in sales in recent months.

Sales over the first three months of the year were 8 per cent lower than the same quarter a year ago, the business revealed.

This decline was partly driven by delays to deliveries via the Red Sea.

The attacks there are being carried out by Iran-backed Houthi rebels, who support Hamas in the terror group’s war with Israel.