Hornby boosted by F1 licence - Licensing.biz

Hornby boosted by F1 licence

Deal with McLaren helps British toy firm to almost double first-half pretax profit.
Author:
Publish date:

Having Lewis Hamilton and Fernando Alonso in its stable has certainly paid off for Hornby this year, with the firm revealing a healthy pretax profit for the six months to September.

The company, which makes Scalextric slot car racing sets as well as the model trains, has a licensing deal with McLaren, the team Hamilton reached second place with in his rookie season.

Hornby also owns the licensing rights to Hamilton's former team-mate, Spanish double world champion Fernando Alonso.

The firm made a pretax profit of £2.68m in the six months ending September, on revenue up 37 per cent to £24.6m. It raised its interim dividend eight per cent to 2.7 pence.

Related

Featured Jobs