REG - Games Workshop Group - Half Year Trading Update

Games WorkshopAnnouncement

07/12/2022 07:00

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RNS Number : 8272I  Games Workshop Group PLC  07 December 2022

For immediate release
 
7 December 2022

 

Games Workshop Group PLC

("Games Workshop")

 

HALF YEAR TRADING UPDATE

 

Games Workshop is pleased to confirm that trading since the last update in
September 2022 is in line with expectations. The Board's estimate of the
results for the six months to 27 November 2022, at actual exchange rates, is
core revenue of not less than £210 million (2021: £191.5 million) and
licensing revenue of c. £14 million (2021: £20.1 million). Core operating
profit is estimated at not less than £70 million (2021: £69.6 million) and
licensing operating profit of c. £13 million (2021: £18.9 million). Profit
before tax is estimated at not less than £83 million (2021: £88.2 million).

 

Licensing income at actual exchange rates has decreased to c.£14 million
(2021: £20.1 million) as there were a number of significant computer game
licensing deals signed in the prior period. The related guarantee income on
these deals is recognised on signing the contract in line with our accounting
policy (2022: c.£7 million, 2021: £13.7 million).

 

Under our profit share scheme, we are paying £1,500 in cash to each employee
in December (2022: £4.5 million; 2021: £6.9 million) to reward their
contribution to our performance. Dividends declared in the period are 165p per
share, £54 million (2021: 100p, £32 million).

 

Further details will be announced in the half yearly report which will be
released on 10 January 2023.

 

 

 

For further information, please contact:

 

 Games Workshop Group PLC
 Kevin Rountree, CEO                                                                             investorrelations@gwplc.com
 Rachel Tongue, CFO

 Investor relations website                                                http://investor.games-workshop.com
 General website                                                           www.games-workshop.com

 

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