Thursday, February 29, 2024

Growth continues at Games Workshop

Revenue and pre-tax profits are showing continued growth at Games Workshop, the Nottingham-based manufacturer of miniature wargames.

In a new half year update the business confirmed trading is in line with expectations, with the Board’s estimate of results for the six months to 26 November 2023, at actual exchange rates, being core revenue of not less than £235 million (up from £212.3 million last year) and licensing revenue of c. £12 million (down from £14.3 million).

Core operating profit, meanwhile, is estimated to be no less than £82 million (increasing from £70.7 million) and licensing operating profit is anticipated to be £11 million (down slightly from £12.9 million).

Furthermore, profit before tax is estimated at not less than £94 million (growing from £83.6 million).

Under Games Workshop’s profit share scheme, it is paying £2,500 in cash to each employee in December to reward their contribution to the firm’s performance. Dividends declared and paid in the period are 195p per share, £64.2 million.

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