Shares in Games Workshop led the FTSE 250 climbing more than 16% to 13,650 pence or £136.50 following a trading update on Friday morning. Shares are up nearly 40% this year, 140% over five years and nearly 11,000% since the firm floated in 1994. This makes Games Workshop one of the best-performing UK stocks over the last 30 years.
Games Workshop GAW said that trading over the past two months has surpassed expectations, with better-than-expected performance anticipated for the first half of its financial year.
The miniature wargames maker and retailer said it anticipates pretax profit for the six months to Dec.1 to stand at £120 million, a rise of 25% from £96.1 million a year ago.
The company’s core revenue for the period is expected to be “not less” than £260 million, a 10% rise from £235.6 million a year ago, with licensing revenue doubling to £30 million from £13 million a year ago.
Total revenue for the first half of 2024 was £247.7 million.
Games Workshop will release its half-year results on Jan. 14.
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