Game Workshop shares skyrocket as retailer rewards shareholders

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Group said trading for the three months to 27 August was ahead of expectations
Core revenue for the quarter was at £121m, up from £106m

Updated: 08:30 EST, 15 September 2023

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Games Workshop's shares skyrocketed as the lined-up bumper shareholder rewards after stronger-then-expected trade this summer.

The FTSE 250 miniature maker's sales boomed in the three months to 27 August, bringing in core revenues of £121million, up from £106million during the same period last year.

The Nottingham-based Warhammer owner declared a dividend of 50p per share, taking dividends declared so far this fiscal year to £1.95 per share, up £1.20 per share in 2022.

The owner of Warhammer said that core revenue was ahead of expectations for the quarter at £121million, up from £106million last year

Games Workshop shares soared by 11.26 per cent to 11,560p in early afternoon trading on Friday.

The group revealed that profit before tax is estimated at £57 million for the full-year, up from £39million, 'driven by healthy growth across all channels'.

The board game company also said its licensing revenue has doubled year-on-year to £6million.

In July, the company admitted that it accidentally paid investors millions in illegal dividends.

Games Workshop said that due to a 'minor technical breach' a 45p per share dividend was paid out last November before it filed its half-year accounts with Companies House.

That meant the payment amounted to an 'unlawful dividend'.

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