Source - LSE Regulatory
RNS Number : 5446Y
Games Workshop Group PLC
10 September 2020
 

For immediate release                                                                                 10 September 2020

 

Games Workshop Group PLC

(the "Group" or "Company")

 

TRADING UPDATE AND DIVIDEND

 

In advance of our AGM on 16 September 2020, Games Workshop Group PLC announces today that trading for the three months to 30 August 2020 (the "Period") was ahead of the Board's expectations. Current estimates show sales of c. £90 million in the Period against a prior year of £78 million for the same period. Operating profit for the Period before royalty income is estimated to be c. £45 million (2019: £28 million) and royalty income is estimated to be c. £3 million (2019: £2 million).

 

This has been driven by healthy growth in our online and trade channels. However, our retail channel is still recovering from the COVID-19 closures earlier in 2020. The longer term impact on the Group as a result of the ongoing pandemic is still unknown.

 

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. A further update will be given as appropriate.

 

The Board has also today declared a dividend of 50 pence per share. This is in line with the Company's policy to distribute truly surplus cash. This will be paid on 23 October 2020 for shareholders on the register at 18 September 2020, with an ex-dividend date of 17 September 2020. The last date for elections for the dividend re-investment plan is 2 October 2020.

 

 

For further information, please contact:

 

Games Workshop Group PLC                      


         investorrelations@gwplc.com

 

Kevin Rountree, CEO



Rachel Tongue, Group Finance Director






Investor relations website

http://investor.games-workshop.com

General website

www.games-workshop.com










The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTGZGGLGLMGGZZ
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.