Games Workshop Group PLC Trading Update (8983U)
08 Dezembro 2021 - 4:00AM
UK Regulatory
TIDMGAW
RNS Number : 8983U
Games Workshop Group PLC
08 December 2021
For immediate release 8 December 2021
Games Workshop Group PLC
("Games Workshop")
TRADING UPDATE
Games Workshop is pleased to confirm that trading since the last
update in September 2021 is in line with expectations. The Board's
estimate of the results for the six months to 28 November 2021, at
actual exchange rates, is sales of not less than GBP190 million
(2020: GBP186.8 million) and profit before tax of not less than
GBP86 million (2020: GBP91.6 million).
At constant currency, the Board's estimate of sales for the six
months to 28 November 2021 are not less than GBP197 million (2020:
GBP186.8 million). This has been driven by growth in our trade and
retail channels, following the reopening of the majority of our
retail stores.
As always, we remain focused on our core business metrics and
are working tirelessly to improve the ones that are in our control.
Our operating profit-pre royalties receivable is estimated to be
down c.GBP15 million. However, excluding foreign exchange
movements, increased carriage costs and the costs of paying more to
our great staff, our core business operating profit is broadly in
line with last year's exceptional performance.
As in the prior year, we are paying GBP2,500 in cash to each
employee under the Group Profit Share Scheme in December (GBP6.9
million; 2020: GBP6.2 million) to reward their exceptional
contribution to our performance. Dividends declared in the period
are 100p per share (2020: 80p).
Licensing income has increased to c.GBP19 million (2020: GBP8.7
million) driven by significant computer game licensing deals with
Nexon and other major licensees. The related guarantee income is
recognised on signing the contract in line with our usual
accounting policy.
Further details will be announced in the half yearly report
which will be released on 11 January 2022.
For further information, please contact:
Games Workshop Group PLC investorrelations@gwplc.com
Kevin Rountree, CEO
Rachel Tongue, CFO
Investor relations website http://investor.games-workshop.com
General website www.games-workshop.com
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END
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