Hornby plc announced revenue Outlook for the Fiscal Year 2017. The company announced that in the trading update issued at the AGM on 6 September 2017, the Board highlighted that the performance in the year to date had been below expectations. This, coupled with the new approach to discounting stock, means it is now clear that the shortfall is unlikely to be recouped in the current year. It is expected that revenue will be lower and, consequently, there will be a material impact on profitability in the current financial year.