Key insights
7 takeaways · ~3 min read- 01Games Workshop Group PLC reported a 6.6% decline in revenue to £56.5 million for the six months to November 30, 2014, compared to £60.5 million in the prior year, with a constant currency decline of 1.7%.See it on page 1
- 02Operating profit decreased to £6.2 million from £7.7 million in the previous year, and pre-tax profit also fell to £6.3 million from £7.7 million.See it on page 2
- 03Basic earnings per share dropped to 14.5p from 17.7p, although a dividend of 36p per share was declared in the period, compared to none in the prior period.See it on page 10
- 04Retail sales declined by 9.7% (£2.4 million) due to restructuring in North America and Continental Europe, and reduced sales from the Nottingham Visitor Centre; Trade sales also fell by 5.1% (£1.2 million).See it on page 2
- 05Operating expenses were reduced by £3.2 million, including £2.7 million from retail channel costs and £1.0 million from the Continental European reorganization, resulting in a core business operating margin of 9.8% (down from 11.0% in 2013).See it on page 2
- 06The company closed a net of four stores (12 opened, 16 closed) during the period, highlighting a need to improve the rate of recruitment for competent new store managers.See it on page 3
- 07The net exchange rate impact of a stronger pound negatively affected revenue by £2.1 million and resulted in a £1.2 million loss on exchange rate fluctuations for the period.See it on page 2
Summary
Games Workshop Group PLC (“Games Workshop” or the “Group”) announces its half-yearly results for the six months to 30 November 2014. Six months to Six months to Revenue £56.5m £60.5m Revenue at constant currency £59.5m £60.5m Operating profit pre-royalties receivable £5.5m £6.6m Royalties receivable £0.7m £1.0m Operating profit ...
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