Games Workshop profits will 'exceed market expectations'

In a trading update for May 29th to July 23rd 2017, the business said its ‘good performance in 2016/17 has continued strongly in to 2017/18.’
Author:
Publish date:
Social count:
0
In a trading update for May 29th to July 23rd 2017, the business said its ‘good performance in 2016/17 has continued strongly in to 2017/18.’
0 0gameswork.png

Games Workshop has said profits for its financial year will be above market expectations.

In a trading update for May 29th to July 23rd 2017, the business said its ‘good performance in 2016/17 has continued strongly in to 2017/18.’

“Sales and profits for 2017/18 to date are well above the same period in the prior year,” said the firm.

“Profits for 2017/18 are therefore likely to be above market expectations.”

Despite the uplift, Games Workshop said the board remains aware of potential uncertainty in the market.

The company has also announced that Tom Kirby will retire from the board and will not seek re-election as a director. He will step down at the Games Workshop annual general meeting in September.

Nick Donaldson will succeed Kirby on his retirement. 

Related

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.