Half-Yearly Report: 29 November 2020

1. 01
   Games Workshop Group PLC reported significant growth for the six months to November 29, 2020, with revenue increasing to £186.8m from £148.4m in the prior year, and operating profit rising to £92.0m from £59.2m.See it on page 1
2. 02
   Profit before taxation for the period reached £91.6m, up from £58.6m, and basic earnings per share grew to 226.1p compared to 145.9p in the previous year.See it on page 16
3. 03
   Sales growth was strong across all channels, with trade sales up 33%, online sales up 87%, and retail sales broadly following government lockdown rules, contributing to a 26% overall sales increase.See it on page 6
4. 04
   The company achieved a 75% gross margin, a 6% increase, driven by higher volumes, and maintained a controlled cost-to-sales ratio of 28% (excluding group profit share and discretionary bonus), down from 36% in 2019.See it on page 3
5. 05
   Manufacturing output increased by 30% compared to the same period last year, with the new Warhammer 40,000 launch breaking production volume records, and the company is expanding its manufacturing capacity with a new factory nearing completion and securing additional land.See it on page 4
6. 06
   North America was a particularly strong performing territory due to increased investment, and the company's most successful launch to date was the latest version of Warhammer 40,000, including the Indomitus box.See it on page 2
7. 07
   The company declared £26 million in dividends during the period and generated £100.0m cash from operations, up from £60.4m in the prior year.See it on page 15

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Half-Yearly Report: 2024–2025

Games Workshop Group