Games Workshop (GAW LN) Trading update for 3 months to 27 August 2023

Games Workshop, the maker of Warhammer 40,000 games, released their trading update on 15 September.

- trading results ahead of Board expectations.

- core revenue up (121 million GBP vs 106 million GBP in 22/23)

-licensing revenue 6 million GBP vs 3 million in 22/23

-Profit before tax estimated at 57 million GBP vs 39 million in 22/23

-healthy growth across all channels

-declares 50 pence dividend, taking 23/24 dividend to 1.95 GBP vs 1.20 in 22/23. ex-date 28 September

This period covers the release of the 10th Edition of the Warhammer 40K rules, which probably explains the results

Price on Friday closed at GBP 114.90, up nearly 11% from previous close

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