Games Workshop Team PLC hails report initial fifty percent functionality as Warhammer product sales surge

The FTSE 250 company reported a pre-tax revenue of £91.6mln when compared to £58.6mln a calendar year back, although revenues jumped to £186.8mln from £148.4mln

() has hailed a record effectiveness for the initially fifty percent of its present yr amid a surge in demand for its Warhammer figurines all through the COVID-19 pandemic.

In its success for the six months to November 29, the FTSE 250 company noted a pre-tax financial gain of £91.6mln compared to £58.6mln a year back, when revenues jumped to £186.8mln from £148.4mln. Dividends declared for the duration of the time period totalled 80p from 100p in 2019.

Examine: Games Workshop declares dividend as it raises income anticipations

The corporation attributed the document performance to a “step change” in its selection of Warhammer 40,000 collectible figurines throughout the globe, as very well as fantastic sales across its whole array. The agency additional that is had “performed specifically well” in North The us, a new focus on of investment decision.

Although COVID-19 had made factors “more challenging”, the business claimed its producing and warehousing functions had worked will in just new health and fitness and basic safety pointers and had also managed a “significant boost in volume” compared to previous yr.

The greatest source of development was from the firm’s on line procedure, which saw gross sales surge 87% yr-on-calendar year.

On the lookout forward, Game titles Workshop claimed it will aim on providing on its operational approach, adding that it has inner plans in location even with the uncertainty of COVID-19 and Brexit.

“Another cracking general performance from a really incredible, world-wide team a good six months making on the good development and financially rewarding progress we have been persistently offering more than the last 5 years”, Game titles Workshop chief government Kevin Rountree mentioned in a statement.

“Finally, I might like to thank our enthusiastic and faithful fan base who share our love for the Warhammer Pastime and the fantastical options, figures and narratives that make up our IP. Their ongoing assistance and feedback have been priceless, maintaining us genuine when we have fallen quick and driving us onward to go on to supply extra and better”, he additional.

Games Workshop shares ended up down 3.4% at 11,230p in early promotions on Tuesday.