Games Workshop Group PLC Trading Statement (4497B)

TIDMGAW

RNS Number : 4497B

Games Workshop Group PLC

07 June 2019

GAMES WORKSHOP GROUP PLC

("Games Workshop" or the "Group")

7 June 2019

TRADING UPDATE ON CLOSE OF FINANCIAL YEAR ENDED 2 JUNE 2019

Following the close of its 2018/19 financial year Games Workshop provides the following trading highlights:

Games Workshop is pleased to announce that the sales and profit growth, which was discussed in the trading update released on 12 April 2019, has continued in the period to the end of the financial year. Sales growth has been across all sales channels.

We expect the Group's sales for the year to 2 June 2019 to be approximately GBP254 million and the Group's profit before tax to be not less than GBP80 million. Royalties receivable from licensing are approximately GBP11 million. As in the prior year, in recognition of our staff's contribution to these results, we paid during the year profit share bonuses amounting in total to GBP5 million. These were paid on an equal basis to each member of staff.

In accordance with our ongoing dividend policy of distributing truly surplus cash to shareholders when it becomes available, a dividend of 35 pence per share was paid to shareholders on 31 May 2019, bringing the total paid in the financial year up to GBP1.55 per share (2018: GBP1.26 per share).

We will provide detailed information on the audited results for the 2018/19 financial year at the time of our full year results announcement on 30 July 2019.

 
 For further information, please 
  contact: 
 
 Games Workshop Group PLC                          0115 900 4003 
 Kevin Rountree, CEO 
 Rachel Tongue, Group Finance 
  Director 
 
 Investor relations website          investor.games-workshop.com 
 General website                          www.games-workshop.com

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.

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June 07, 2019 02:00 ET (06:00 GMT)

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