Games Workshop results don’t convince markets

The price of shares in FTSE 250 model manufacturer Games Workshop (LON:GAW) slipped 7.41% to 10,76795p (as of 14:25 GMT) despite pre-tax profits for the six months ended 29th November increasing by 56%. Revenues for the period were up by 25.8% even though stores were closed for a significant portion of the half year, but management said that there were still uncertainties around future performance due to macro issues including COVID.

CEO Kevin Rountree commented: “Another cracking performance from a truly amazing, global team; a solid six months building on the great progress and profitable growth we have been consistently delivering over the last five years.

“Finally, I’d like to thank our enthusiastic and loyal fan base who share our love for the Warhammer Hobby and the fantastical settings, characters and narratives that make up our IP. Their ongoing support and feedback have been invaluable, keeping us honest when we have fallen short and driving us onward to continue to deliver more and better“.