GAMES WORKSHOP: A better year

Games Workshop says revenue for the year ended 1st June has risen.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

The company’s revenue has risen from £109.5 million in 2007 to £110.3 million.

Operating profit was at £2.5 million, compared to a loss of £1.8 million last year and the company generated pre-tax profit of £1.1 million in the period, compared to a loss of £2.6 million year on year.

Tom Kirby, chairman of Games Workshop, said: “We have had a better year. Not as good as we would like, not as good as it will be, but better nevertheless”.

The measures taken to reduce costs included the closure of 18 outlets, including five in the UK and the closure of its tool making facility at Wisbech, UK, which have been moved to Nottingham.

Last year Kirby referred to a “steely determination in the business to put things right”. Today, chief executive Mark Wells said: “That steely determination is embedded in our attitude to costs, to performance and to driving the return on equity capital which we know that this business can generate in the future.”

Management training has also been key in turning the fortunes of the firm. Wells added: “The main source of risk to this business remains management error. This is one of the reasons why management recruitment, development and succession planning are so important."

Related

95_mypictr_200x200.jpg

Game on

Despite new pressure from the video games sector, which has moved into social gaming in a big way, a recent Reuters poll showed many consumers are returning to board games and puzzles, as staying in becomes the new going out. ToyNews finds out what is new in the market...

5_Pocoyo.jpg

More gloom as Workshop profits fall

There's yet more High Street gloom as the Games Workshop Group warns that  full-year profit were likely to fall short of current expectations, following a 17 per cent slide in sales in the five weeks to January 1st.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.