ReportGames Workshop Group
Half-Yearly Report: Six Months to 1 December 2019
16 pages~45 min full read
Key insights
7 takeaways · ~3 min read- 01Games Workshop Group PLC reported record sales and profit for the six months ending December 1, 2019, with revenue increasing by 19% to £148.4 million (16% at constant currency) and operating profit rising to £59.2 million from £40.8 million in the prior year.See it on page 1
- 02Profit before taxation increased by £17.8 million to £58.6 million, and basic earnings per share grew to 145.9p from 101.3p.See it on page 15
- 03Licensing income (royalties receivable) significantly increased by £5.2 million to £10.7 million, including £6.2 million from new license contracts, compared to £1.6 million in the previous year.See it on page 3
- 04Sales growth was observed across all channels: Trade (£76.1 million), Retail (£45.3 million), and Online (£24.2 million).See it on page 3
- 05The company declared dividends of 100p per share during the period, including a new dividend of 45 pence per share, and invested £5.7 million in capital projects.See it on page 2
- 06Games Workshop views management as its greatest risk, emphasizing the importance of having the right people in the right jobs and preventing egos or private agendas from influencing decisions.See it on page 5
- 07The adoption of IFRS 16 'Leases' in June 2019 resulted in additional interest of £0.6 million and depreciation of £4.6 million, partially offset by a £4.6 million reduction in rental payments.See it on page 12
Summary
Games Workshop Group PLC (‘Games Workshop’ or the ‘Group’) announces its half-yearly results for the six Six months to Six months to 1 December 2019 2 December 2018 Revenue £148.4m £125.2m Revenue at constant currency £145.6m £125.2m Operating profit pre-royalties receivable £48.5m £35.3m Royalties...
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