Games Workshop FY revenue seen higher

Miniature wargames manufacturer Games Workshop said on Tuesday that both revenues and royalties receivable were expected to have grown in the twelve months ended 29 May.

Games Workshop stated core revenue was expected to be no less than £385.0m, up from £353.0m a year earlier, while royalties receivable were projected to be £28.0m, rising from £16.0m in 2020-21.

As a result, the FTSE 250-listed group's full-year pre-tax profit was now estimated to be at least £155.0m - a slight improvement when compared to the prior year's pre-tax profit of £151.0m.

Dividends declared in the year were £77.0m, or 235.0p on a per share basis, flat year-on-year.

Games Workshop also stated that in recognition of its staff's contribution to the full-year results, it paid profit share cash payments amounting to £10.0m during the year, a slight decrease from the £13.0m it paid out to employees a year earlier.

As of 0820 BST, Games Workshop shares were up 0.55% at 6,450.0p.

Reporting by Iain Gilbert at Sharecast.com