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TOP NEWS: Games Workshop first quarter trading better than expected

ALN

Games Workshop Group PLC on Friday said that trading in its first financial quarter was ahead of expectations, driven by healthy growth across all channels.

The Nottingham, England-based miniature wargames maker and retailer said core revenue in the three months to August 27 was around £121 million, rising 14% year-on-year from £106 million.

Core revenue refers to direct sales of its core products to external customers, via its retail network, independent retailers, or online. Licensing revenue doubled to around £6 million.

While noting the performance was better than the previous year, the miniature wargames maker and retailer said ‘it is still early’ in the financial year. It declared a dividend of 50 pence per share, bringing the total declared payout in the financial year so far to £1.95 per share, compared to £1.20 a year prior.

The company’s last financial year ended on May 28, 2023.

Games Workshop shares rose 7.7% to 11,190.00 pence each on Friday morning in London.

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