Games Workshop hammers home further growth

Sales and profits continue their double-digit rises in most recent quarter, pushing share price yet higher

Written by Rhys Thomas

Posted 11.11.2019 | Entertainment

Games Workshop hammers home further growth thumbnail

Games Workshop shares surged 19 per cent on Friday as the company behind the Warhammer IP again comfortably outstripped sales and profit expectations.

The company estimates booked sales will now reach at least £140m for the six months to December – a 12 per cent rise on the same period last year – with pre-tax profits up 35 per cent to £55m at the lowest.

During the same period last year, Game Workshop posted revenue of £125m.

Warhammer charts millenia-long wars between factions of Space Marines and other intergalactic scourges

Best known for tabletop gaming models and the Warhammer fantasy universe of pugnacious elves, orcs and Space Marines, licensing has also played a key role in a string of over-performing quarters.

In a statement to investors, Games Workshop revealed: “Following on from the group’s update in September, trading to November 3 has continued well… Royalties receivable are also significantly ahead of the prior year driven by the timing of guarantee income on signing new licences.”

A spike in share price followed the report, continuing an upward trend over the past three years that has seen its market value grow 700 per cent. The retailer and licensor is now valued at more than £1.4 billion.


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