Finance: Games Workshop’s Half-Year Financial Update is Headed Up

GW just put up some mid-year financials. come check out just how hot their number are:

via GW – Investor Relations:

“Games Workshop Group PLC announces a half year trading update for the six months to 2 December 2018.  Preliminary estimates indicate sales of c. £124 million in the first six months of 2018/19 and an operating profit of c. £41 million.  These results are in line with expectations for the year ending 2 June 2019 although the Board is aware that it is still early in the 2018/19 financial year.

These results show the Warhammer Hobby is in great shape in our core markets.  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 ERP system implementation.

Games Workshop Group PLC announces that the Board has today declared a dividend of 30 pence per share, in line with the Company’s policy of distributing truly surplus cash.  This will be paid on 25 January 2019 for shareholders on the register at 21 December 2018, with an ex-dividend date of 20 December 2018. The last date for elections for the dividend re-investment plan is 4 January 2019.

We expect to announce our half-yearly report for the six months to 2 December 2018 on 15 January 2019.”

Another solid report building on last year’s progress. Here is the comparison to last year’s statement:

• 2017: Preliminary estimates indicate sales of c. £109 million in the first six months of 2017/18 and an operating profit of c. £38 million for the period.
• 2018: Preliminary estimates indicate sales of c. £124 million in the first six months of 2018/19 and an operating profit of c. £41 million.

They have announced another dividend payment of 30 pence per share with their excess cash on hand. The formal mid-year report with more details is due out Janauary 15th. They do note they are very early the 2018/2019 year – perhaps the only echo of that odd revenue warning they issued back in October.

~Have at it folks.

Author: Larry Vela

Dad, Gamer, Publisher, Pilot, Texan. All games all the time since junior-high. I started BoLS Interactive in 2006. I’m a lifelong tabletop & RPG gaming enthusiast, and internet publisher working to entertain and inform my readers every day. I've been playing RPGs and Tabletop Games since the 1970s. I'm been playing and covering Warhammer and Warhammer 40K for over 35 years.