G
ames Workshop ’s exceptional run of success continues, because the Warhammer 40,000 maker’s sales smashed expectations but once more over the summer time.
Revenue rose by 16.5% year-on-year to £127 million, and profit rocketed by 46% to £57 million as prospects spent extra on indoor hobbies throughout the summer time washout.
Games Workshop mentioned the rise was “driven by healthy growth across all channels ” because it launched the tenth version “Leviathan” Warhammer 40,000 set.
“The board recognises that this performance is better than the prior year but is also aware that it is still early in the financial year,” the enterprise added.
Jefferies analysts Andrew Wade and Grace Gilberg mentioned: “While upgrades have been very much anticipated by the market, this Q1 beat is more than we could have expected.”
The shares gained one other 1,119p to 11,509p, nearly 80 occasions their value in 2008 and valuing the enterprise at £3.7 billion.
Shareholders may even obtain an additional 50p dividend, because the board cited a coverage of handing again “truly surplus cash”, bringing the quantity returned thus far this 12 months to £1.95.
The Nottingham-based enterprise’ flagship Warhammer 40,000 board sport — set in a distant future the place aliens, people and fantasy monsters do battle — is famed for its expensive figurine units. Forum posts counsel that purchasing very fundamental armies for 2 freshmen, plus a rulebook, immediately from Games Workshop would have price round £175 in 2008.
Spending that money on the shares as an alternative would have returned round £26,000, together with dividends. That’s sufficient to purchase a custom-painted 1997 OOP Metal Thunderhawk, which turned the most costly Warhammer equipment in historical past when it bought for £25,600 on eBay in 2021.
