Warhammer retailer Games Workshop’s share price up 20% as sales perform “strongly”

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Warhammer Games Workshop

Fantasy model games retailer Games Workshop, soon to be rebranded Warhammer, reported that profits were running “well above” last year’s levels.

According to the Financial Times, the high level of operation gearing in the business, meaning its cost base is largely fixed, has led to rising sales and rising profits.

After its annual general meeting in September, Games Workshop said sales were running well ahead of the year before, while adding this morning that they were still performing “strongly”.

In its last financial year, Games Workshop posted skyrocketing growth, seeing pre-tax profits jump by 126 per cent to £38.4 million.

Meanwhile, investors are starting to take notice of the retailer after shares rose 20 per cent over the last two months.

Revenues are also expected to grow 13.55 per cent over the next two years.

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