Trading Statements

33 items

  • Trading Update and Dividend

    Games Workshop Group PLC announces that trading in the three months to the end of February 2024 has been in line with expectations.

    The Board has also today declared a dividend of 105 pence per share taking dividends declared so far in 2023/24 to £4.20 per share (2022/23: £4.15 per share). This is in line with the Company’s policy to distribute truly surplus cash. This will be paid on 13 May 2024 for shareholders on the register on 5 April 2024, with an ex-dividend date of 4 April 2024. The last date for elections for the dividend re-investment plan is 19 April 2024.

    The dividend reinvestment plan is provided by Equiniti Financial Services Limited. More information can be found at www.shareview.co.uk/info/drip

  • Half Year Trading Update

    Games Workshop is pleased to confirm that trading since the last update in September 2023 is in line with expectations. The Board’s estimate of the results for the six months to 26 November 2023, at actual exchange rates, is core revenue of not less than £235 million (2022/23: £212.3 million) and licensing revenue of c. £12 million (2022/23: £14.3 million). Core operating profit is estimated at not less than £82 million (2022/23: £70.7 million) and licensing operating profit of c. £11 million (2022/23: £12.9 million). Profit before tax is estimated at not less than £94 million (2022/23: £83.6 million).

    Under our profit share scheme, we are paying £2,500 in cash to each employee in December (2023/24: £7.5 million; 2022/23: £4.5 million) to reward their contribution to our performance. Dividends declared and paid in the period are 195p per share, £64.2 million (2022/23: 165p, £54.2 million).

    Further details will be announced in the half yearly report which will be released on 9 January 2024.

  • Trading Update and Dividend

    Ahead of the Company’s AGM next week, Games Workshop Group PLC announces today that trading for the three months to 27 August 2023 was ahead of the Board’s expectations for the quarter with core revenue of c.£121 million (2022/23: £106 million) and licensing revenue of c.£6 million (2022/23: £3 million). Profit before tax is estimated at c.£57 million (2022/23: £39 million). This has been driven by healthy growth across all channels.

    The Board recognises that this performance is better than the prior year but is also aware that it is still early in the financial year. A further update will be given as appropriate.

    The Board has also today declared a dividend of 50 pence per share taking dividends declared so far in 2023/24 to £1.95 per share (2022/23: £1.20 per share). This is in line with the Company’s policy to distribute truly surplus cash. This will be paid on 3 November 2023 for shareholders on the register on 29 September 2023, with an ex-dividend date of 28 September 2023. The last date for elections for the dividend re-investment plan is 13 October 2023.

  • Year End Trading Update

    Games Workshop is pleased to announce that for the 52 weeks ended 28 May 2023, we estimate the Group’s core revenue to be not less than £440 million (2021/22: £387 million) and licensing income of £25 million (2021/22: £28 million). The Group’s profit before tax is estimated to be not less than £170 million (2021/22: £157 million).

    As in the prior year, in recognition of our staff’s contribution to these results, we have paid during the year profit share cash payments, amounting in total to £11 million (2020/21: £10 million). These are paid in cash on an equal basis to each member of staff. Dividends declared and paid in the year were £136 million, 415 pence per share (2021/22: declared £77 million, 235 pence per share; paid £93 million, 285 pence per share).

    We intend to announce our 2023 Annual Report for the 52 weeks ended 28 May 2023 on 25 July 2023.

  • Trading Update and Dividend

    Games Workshop Group PLC announces that trading in the three months to the end of February 2023 has been in line with expectations.

    The Company also announces that the Board has today declared a dividend of £1.20 per share, in line with the Company’s policy of distributing truly surplus cash including the receipt of the remaining £12 million of VAT that was outstanding from the French tax authorities. Including this dividend, total dividends declared in the year so far are £4.15 per share (2021/22: £2.35 per share, as at March 2022). The dividend of £1.20 per share will be paid on 19 May 2023 for shareholders on the register on 11 April 2023, with an ex-dividend date of 10 April 2023. The last date for elections for the dividend re-investment plan is 26 April 2023.

    The Company intends to issue a full year trading update for the 52 weeks ending 28 May 2023 in June 2023.

  • Half Year Trading Update

    Games Workshop is pleased to confirm that trading since the last update in September 2022 is in line with expectations. The Board’s estimate of the results for the six months to 27 November 2022, at actual exchange rates, is core revenue of not less than £210 million (2021: £191.5 million) and licensing revenue of c. £14 million (2021: £20.1 million). Core operating profit is estimated at not less than £70 million (2021: £69.6 million) and licensing operating profit of c. £13 million (2021: £18.9 million). Profit before tax is estimated at not less than £83 million (2021: £88.2 million).

    Licensing income at actual exchange rates has decreased to c.£14 million (2021: £20.1 million) as there were a number of significant computer game licensing deals signed in the prior period. The related guarantee income on these deals is recognised on signing the contract in line with our accounting policy (2022: c.£7 million, 2021: £13.7 million).

    Under our profit share scheme, we are paying £1,500 in cash to each employee in December (2022: £4.5 million; 2021: £6.9 million) to reward their contribution to our performance. Dividends declared in the period are 165p per share, £54 million (2021: 100p, £32 million).

    Further details will be announced in the half yearly report which will be released on 10 January 2023.

  • Trading Update and Dividend

    Games Workshop Group PLC announces today that trading for the three months to 28 August 2022 was in line with the Board’s expectations with core revenue of c.£106 million (2021/22: £98 million) and licensing revenue of c.£3 million (2021/22: £5 million). Profit before tax is c.£39 million (2021/22: £45 million). We remain focussed on sales growth and cost management.

    The Board has also today declared a dividend of 30 pence per share taking dividends declared in 2022/23 to £1.20 per share (2021/22: £0.65 per share). This is in line with the Company’s policy to distribute truly surplus cash. This will be paid on 4 November 2022 for shareholders on the register on 30 September 2022, with an ex-dividend date of 29 September 2022. The last date for elections for the dividend re-investment plan is 14 October 2022.

  • Year End Trading Update

    Games Workshop is pleased to announce that for the year to 29 May 2022, we estimate the Group’s core revenue to be not less than £385 million (2020/21: £353 million) and royalties receivable of £28 million (2020/21: £16 million). The Group’s profit before tax is estimated to be not less than £155 million (2020/21: £151 million).

    As in the prior year, in recognition of our staff’s contribution to these results, we have paid during the year profit share cash payments amounting in total to £10 million (2020/21: £13 million). These are paid in cash on an equal basis to each member of staff. Dividends declared in the year were £77 million, 235 pence per share (2020/21: £77 million, 235p per share).

    We intend to announce our 2022 Annual Report for the year to 29 May 2022 on 26 July 2022.

  • Trading Update and Dividend

    Games Workshop Group PLC announces that trading in the three months to the end of February 2022 has been in line with expectations.

    The Company also announces that the Board has today declared a dividend of 70 pence per share, in line with the Company’s policy of distributing truly surplus cash. Including this dividend, total dividends declared in the year so far are £2.35 per share (2020/21: £1.85). This dividend will be paid on 13 May 2022 for shareholders on the register on 1 April 2022, with an ex-dividend date of 31 March 2022. The last date for elections for the dividend re-investment plan is 21 April 2022.

    The Company intends to issue a full year trading update for the year to 29 May 2022 in June 2022.

  • Trading Update

    Games Workshop is pleased to confirm that trading since the last update in September 2021 is in line with expectations. The Board’s estimate of the results for the six months to 28 November 2021, at actual exchange rates, is sales of not less than £190 million (2020: £186.8 million) and profit before tax of not less than £86 million (2020: £91.6 million).

    At constant currency, the Board’s estimate of sales for the six months to 28 November 2021 are not less than £197 million (2020: £186.8 million). This has been driven by growth in our trade and retail channels, following the reopening of the majority of our retail stores.

    As always, we remain focused on our core business metrics and are working tirelessly to improve the ones that are in our control. Our operating profit-pre royalties receivable is estimated to be down c.£15 million. However, excluding foreign exchange movements, increased carriage costs and the costs of paying more to our great staff, our core business operating profit is broadly in line with last year’s exceptional performance.

    As in the prior year, we are paying £2,500 in cash to each employee under the Group Profit Share Scheme in December (£6.9 million; 2020: £6.2 million) to reward their exceptional contribution to our performance. Dividends declared in the period are 100p per share (2020: 80p).

    Licensing income has increased to c.£19 million (2020: £8.7 million) driven by significant computer game licensing deals with Nexon and other major licensees. The related guarantee income is recognised on signing the contract in line with our usual accounting policy.

    Further details will be announced in the half yearly report which will be released on 11 January 2022.

     

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