Games Workshop FY revenue seen higher
Games Workshop Group
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16:40 28/03/24
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.
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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