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Friday, July 19, 2019

Nottingham’s Games Workshop reveals record sales and investment in factory

PUBLISHED:

Games Workshop’s half-year report reveals record sales and profits, and investment in new warehousing and production facilities in Nottingham. 

Sales increased by 14 per cent in the six months to December, reaching £125.2m.

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December trading continued in line with the sales performance in the first half.

In its management report the business said:

‘Our business and the Warhammer Hobby continue to be in great shape.

‘We have remained true to our long-term strategy, and once again delivered on our promise to produce and sell the best fantasy miniatures in the world, while engaging and inspiring our fans. We continue to strive to make the Warhammer hobby ever better. Exciting times.

‘We are pleased to once again, report record sales and profit levels in the period. Sales and profit growth continue across our retail and trade channels, and our online channel continues to be in line with last year.

‘As we move to complete a series of major investment projects, our gross margin and stock levels are not currently where we’d like them to be. We’re looking forward to our new Nottingham factory and ERP projects completing, allowing us to fully optimise our Nottingham site. From there, we’ll begin to upgrade our warehousing capacity in both Memphis and Nottingham.

‘These further investments will help us maintain our current volumes, increase efficiencies, and give us good scope for sales growth in the future.’

Kevin Rountree, CEO of Games Workshop, said:

“Our business and the Warhammer Hobby continue to be in great shape.

“We have remained true to our long-term strategy, and once again delivered on our promise to produce and sell the best fantasy miniatures in the world, while engaging and inspiring our fans. We continue to strive to make the Warhammer hobby ever better. Exciting times.

“December trading continued in line with the sales performance in the first half.
We are also announcing that the Board has today declared a dividend of 25 pence per share, in line with the Company’s policy of distributing truly surplus cash.”

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