Last checked at 6 Jan 2010 07:00
Games Workshop Group PLC
("Games Workshop" or the "Group")
TRADING STATEMENT AND NOTICE OF RESULTS
For immediate release 6 January 2010
Games Workshop announces that pre-tax profits in respect of the year to 30 May 2010 are likely to be materially ahead of current market expectations.
Whilst sales in the first half of the year to 29 November 2009 declined slightly in constant currency terms, trading in December was satisfactory. The Group's gross margin has continued to improve, and costs remain under firm control. In addition, the outlook for royalties receivable in the current year remains good, although not as significant as in the year to 31 May 2009.
As a result, the Board of Games Workshop currently believes that pre-tax profits in respect of the year ending 30 May 2010 are likely to be some £5 million in excess of current market consensus estimates.
The Board will announce the Group's half-yearly results for the six months to 29 November 2009 on 19 January 2010.
For further information, please contact:
| Games Workshop Group PLC | 0115 900 4001 | |
| Tom Kirby, chairman | ||
| Mark Wells, chief executive | ||
| Investor relations website | http://investor.games-workshop.com | |
| General website | www.games-workshop.com | |
| Singer Capital Markets Limited | Tel: | 020 3205 7626 |
| Shaun Dobson | ||
| Rawlings Financial PR Limited | Tel: | 01653 618016 |
| Catriona Valentine | ||