Warham­mer and Brexit boost Games Work­shop

Western Daily Press (Saturday) - - Business -

FAN­TASY minia­tures maker Games Work­shop has pen­cilled in a healthy rise in first-half sales and profit as it hailed the per­for­mance of a key prod­uct.

The Not­ting­ham-based firm said trad­ing has con­tin­ued in line with ex­pec­ta­tions in the six months to De­cem­ber 2, with sales set to come in 13 per cent higher at £124 mil­lion.

Op­er­at­ing profit is set to nudge up from £38.8 mil­lion to £41 mil­lion.

The re­sults were helped by the con­tin­ued pop­u­lar­ity of table­top game Warham­mer, which Games Work­shop said is in “great shape”. “We have built on the progress we made last year and the re­sults are con­sid­er­able given the back­drop of ma­jor projects, in­creas­ing fac­tory ca­pac­ity and en­ter­prise re­source plan­ning sys­tem im­ple­men­ta­tion,” the firm said. Shares in Games Work­shop came un­der pres­sure in Oc­to­ber af­ter the com­pany warned over un­cer­tain trad­ing. The FTSE 250-listed wargam­ing man­u­fac­turer said at the time that there are “some un­cer­tain­ties in the trad­ing pe­ri­ods ahead for the rest of the 2018/19 fi­nan­cial year”. Yesterday, shares rose 5 per cent to 3,155p in early trade. In June, staff at Games Work­shop were handed a £5 mil­lion bonus fol­low­ing a year of solid sales and prof-its. Games Work­shop makes 75 per cent of its rev­enues over­seas, so has ben­e­fited from the Brexit-in­duced col­lapse in the pound.

Games Work­shop has en­joyed healthy sales and prof­its

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