Friday, January 21, 2022

Revenues rise while profits fall at Games Workshop

Revenue continues to rise at “confident” Games Workshop, though pre-tax profits have slipped.

According to half-yearly results for the six months to 28 November 2021, revenue grew to £191.5m, up from £186.8m in the same period of 2020.

Profit before tax at the Nottingham-headquartered business however dipped to £88.2m, from £91.6m.

Kevin Rountree, CEO of Games Workshop, said: “We are on the front foot and confident in our ability to continue to deliver our strategy. Our commitment to focus on real cash returns and return on capital continues to deliver honest and consistent returns to our owners. We will continue to try our best. In the period reported, we have delivered just that.

“We have proven once again that the Warhammer hobby creates exciting experiences and allows people around the world to come together and have some fun. We continue to focus on making the best miniatures in the world and to document and deliver an exciting operational plan.

“I’m once again immensely proud of the global teams’ performance, the ongoing support of our customers and those unsung heroes that keep us safe and well, thank you.”

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