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Games Workshop says ‘morale is good’ as profit and revenue rise

ALN

Games Workshop Group PLC on Tuesday said it is in ‘great shape’ after delivering growth in half-year profit and revenue.

The Nottingham, England-based miniature wargames maker and retailer said pretax profit in the financial half-year ended November 26 jumped 14% to £95.2 million from £83.6 million a year before, as revenue rose 9.3% to £247.7 million from £226.6 million.

Games Workshop added that sales in December were in line with its expectations.

It paid out and declared 195 pence in dividends per share during the period, up 18% from 165p a year before.

Looking ahead, the company said ‘morale is good’ as it continues to ‘perform well during a challenging economic time’.

Last month, Games Workshop struck a deal with Amazon’s Content Services subsidiary for the development of its Warhammer 40,000 universe into films and television series, alongside the associated merchandising rights. The company provided no update on Tuesday.

Chief Executive Officer Kevin Rountree said: ‘Games Workshop and the Warhammer hobby are in great shape. We continue to perform well during challenging economic times, delivering record group revenue, profit and dividends in the period. Morale is good at Games Workshop and our hobbyists are having fun too.’

Shares in Games Workshop were down 3.2% to 9,460.00 pence each in London on Tuesday morning.

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