Key insights
7 takeaways · ~3 min read- 01Games Workshop's pre-tax profit for the year to May 29, 2016, is projected to be no more than £16 million, and December sales were below expectations across the Group.See it on page 1
- 02Revenue for the six months to November 29, 2015, decreased to £55.3 million from £56.5 million in the prior year, though it increased to £56.9 million at constant currency.See it on page 2
- 03Operating profit remained flat at £6.2 million for the six months to November 29, 2015, compared to the previous year, but core business operating profit (pre-royalties) fell by £0.8 million to £4.7 million.See it on page 2
- 04Return on capital declined from 38% in November 2014 to 36% in November 2015, attributed to increased average capital employed and a decline in operating profit before royalties.See it on page 2
- 05Royalties receivable from licensing significantly increased from £0.7 million to £1.5 million in the period.See it on page 3
- 06Mail Order sales increased by 5.3%, while Retail sales decreased from £23.4 million to £21.5 million (actual currency) and Trade sales increased from £22.0 million to £22.4 million (actual currency).See it on page 3
- 07The company is undertaking significant IT projects, including an ERP system replacement and a Forge World mail order store launch (completed August 2015), but a mail order warehouse system replacement is postponed.See it on page 3
Summary
HALF-YEARLY REPORT AND TRADING UPDATE Games Workshop Group PLC (“Games Workshop” or the “Group”) announces its half-yearly results for the six months to 29 November 2015. Six months to Six months to 29 November 30 November 2015 2014 Revenue £55.3m £56.5m Revenue at constant currency £56.9m £56.5m Operating profit pre-royalties receivable ...
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