Warhammer maker Games Workshop is set to report record revenues and a jump in profits for the past year, sending shares higher in early trading. The Nottingham-based company told shareholders on Friday that it expects core revenue of at least £625 million for the year to May 31, up from £565 million a year earlier.
Pre-tax profits are forecast to reach at least £265 million, compared with £262.8 million in the previous year. The growth comes despite a slowdown in licensing revenues, which are expected to be at least £30 million, down from £52.5 million. The group also faces around £12 million in tariff costs, particularly from the US market.
Games Workshop operates 575 stores globally, with North America its largest market (202 stores) and 134 shops in the UK. Andrew Wade, equity analyst at Jefferies, described the update as a “very solid trading performance” pointing to a “re-acceleration” in recent months after softer growth in December.
