Profits are up 50 per cent at Warhammer creator Games Workshop on the back of strong global sales in what bosses called “another cracking performance”.
The tabletop gaming firm, headquartered in Lenton, Nottingham, said pre-tax profits for the half year to November 29, jumped 56.3 percent to £91.6 million.
Total sales for the period were up 27 percent to £168.8 million - compared to £148.8 million for the six months before the pandemic hit.
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The company, which is valued at around £3.8 billion, said store sales slumped by 18.5 percent to £37.3 million as a result of coronavirus restrictions.
Chief executive Kevin Rountree labelled the results “another cracking performance from a truly amazing global team”.
He said it had been a “solid six months building on the great progress and profitable growth we have been consistently delivering over the last five years”.
He said: “In line with our earlier announcement regarding repayment of furlough support and other government subsidies, we are also in the process of cancelling the 海角视频 expanded business rates retail discount scheme for 2020/21.
“We made no claims for financial support or subsidies from government during the period.”
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The global firm runs the business from it’s Nottingham site.
With its new East Midlands Gateway hub near Nottingham now finished, the ‘old’ finished goods warehouse in Lenton, Nottingham, is planned to be reconfigured as an on-site component warehouse and space to support production of paint and resin miniatures.
Founded in 1975, the firm, which began life as a mail-order business for fantasy role-playing games, now makes tens of millions of models a year.
It is attributing the record sales, profit levels and cash generation in the current reporting period to “a step change in unit sales of our Warhammer 40,000 miniatures across the world; our full range, including Age of Sigmar, has sold well too”.
The firm has performed particularly well in North America following increased investment.
The business said: “Our manufacturing, warehousing and support teams at our main HQ in Nottingham and warehouse hubs in Memphis, Tennessee and Sydney, Australia not only worked well within our new health and safety procedures but they have also made, picked and packed a significant increase in volume compared to the same period last year.
“The majority of our 529 retail stores have been restricted or closed during the period, following local government guidelines.
"It was great to see, during the periods our stores were allowed to open, our store managers doing a fantastic job of delivering their normal outrageous service for our loyal customers during such a challenging time.”