Toymaker downgrades profit forecast due to sales fall in Europe caused by changes to deliveries and computer system issuesHornby expects to suffer a £2m loss this year after problems at the model train set maker’s European commerce hit sales,prompting its second profit warning in two months.
The company, which also produces Airfix kits and Corgi cars, or has been reorganising its European operation to improve deliveries,revamp computer systems and bring in unusual management. It said in September that it was struggling to find products on to shelves in major markets such as Italy and France from unusual suppliers in China.
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Source: theguardian.com