Games Workshop posts “cracking” interim results

Games Workshop

Fantasy games retailer Games Workshop has continued to rake in sales, hitting record highs and growing in double digits over the last six months.

For the six months to November 26, the brand’s revenues topped a record £108.9 million, rising 53.6 per cent.

This was aided by a 71 per cent boost in online sales.

Profits over the same period were equally as strong at the Warhammer retailer, more than doubling on a year before from £13.8 million to £38.8 million.

“It is encouraging that sales and profit growth continue across all regions and channels,” chief executive Kevin Rountree said.

“Given the high levels of operational gearing and our relentless management of our costs, our improving sales performance has translated into record profit and cash levels.”

“We’re proud of the improving trends, but we are not taking anything for granted, our feet remain firmly on the ground as we stride into the year ahead,” the company added.

Last year Games Workshop was the highest performing stock in the FTSE by a wide margin, jumping 269 per cent.

The retailer stated it was “too early to tell what the effects” of Brexit may be, but as 75 per cent of its sales are from overseas, it has benefited from the weaker sterling.

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