|
Shares in Games Workshop Group PLC jumped early Wednesday after it reported a strong start to trading in 2025. The Nottingham, England-based company manufactures miniature wargames and is best known for its Warhammer products. Games Workshop said that trading in January and February has been ahead of expectations, with strong trading across both the core business and licensing. As a result, group pretax profit for the 12 months ending June 1 is will be ahead of expectations, the company said. Pretax profit jumped 19% to £203.0 million in the financial year that ended June 2, 2024 from £170.6 million in financial 2023. In response, shares in Games Workshop rose 7.7% to 14,820.00 pence each in London on Wednesday morning. The company’s strong performance in the past year saw the stock promoted to the FTSE 100 index in December. It was the elite group’s top performer early Wednesday. Peel Hunt increased its share price target for Games Workshop to 15,000p from 14,400p and reiterated a ’buy’ rating. The broker raised its financial 2025 sales forecast by 5% to £600 million and pretax profit forecast by 9% to £240 million. Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
