Once again GW is dominating the stock market, but how much further can they grow as our wallets shrink? Here’s their latest out of Nottingham.
GW just posted up their mid-year financials for the last six months, and while they are up, there are plenty of challenges ahead for the model maker in 2020.
Let’s check out where they were a year ago to get a baseline first.
GW’s 2018-19 Mid Year Financial Report
While the numbers were good on last year’s report, one of the biggest challenges for GW in the last year was keeping things in stock on their web store. Hobbyists have still felt that as things like the Thunderfire Cannon continue to remain Out of Stock. However, GW has seen this issue and is expanding thier supply chain (distribution, warehousing, and manufacturing) to mitigate some of that.
GW Dominates Stock Market in 2020
Coming from Games Workshop’s investor relations page, they released a detailed breakdown of their half-year financial progress. Remember, the financial year for GW ends sometime in the summer. So even though we’ve just started 2020, financially, they are halfway through their 2019-2020 year.
In short, all of the numbers have increased for the company showing steady growth. Despite all of the constant releases with GW flooding the market in Box Sets, rules expansions, etc., they haven’t become too big where they’ve begun to implode.
Perhaps one of the most outstanding numbers is their Operating Profit increase. In just a year, they’ve gained nearly £20 million.
Coming from the CEO of Games Workshop, Kevin Roundtree:
Our business and the Warhammer Hobby continue to be in great shape.
We are pleased to once again report record sales and profit levels in the period. The global team have worked
their socks off to deliver these great results. My thanks go out to them all.
Sales for the month of December are in line with our expectations.
We are also announcing that the Board has today declared a dividend of 45 pence per share, in line with the
Company’s policy of distributing truly surplus cash
A large group of the hobby community has been very vocal about all the Space Marine releases lately. However, with numbers like the ones shown above, GW may continue to pump out new models for the faction. Space Marines have been the focus as of late and with steady growth on the chart, they have no real reason to change up their tactic.
If you want an even more detailed look at the full breakdown of what each value on the chart means, be sure to check out their Financial Report page for yourself!
Do you think GW will eventually plateau on its financials? As the company grows, will releases hit the shelves even quicker than they are currently?
Let us know in the comments of our Facebook Hobby Group, and make sure you enter the latest monthly giveaway for FREE today!
About the Author: Rob Baer
Rob Baer
Job Title: Managing Editor
Founded Spikey Bits in 2009
Socials: Rob Baer on Facebook and @catdaddymbg on X
About Rob Baer: Founder, Publisher, & Managing Editor of Spikey Bits, the leading tabletop gaming news website focused on the hobby side of wargaming and miniatures.
Rob also co-founded and currently hosts the Long War Podcast, which has over 350 episodes and focuses on tabletop miniatures gaming, specializing in Warhammer 40k. and spent six years writing for Bell of Lost Souls.
Every year, along with his co-hosts, he helps host the Long War 40k Doubles Tournament at Adepticon and the Long War 40k Doubles at Las Vegas Open, which attracts over 350 players from around the world.
Rob has won many Warhammer 40k Tournaments over the years, including multiple first-place finishes in Warhammer 40k Grand Tournaments over the years and even winning 1st place at the Adepticon 40k Team Tournament.
With over 30 years of experience in retail and distribution, Rob knows all the products and exactly which ones are the best. As a member of GAMA (Game Manufacturers Association), he advocates for gaming stores and manufacturers in these difficult times, always looking for the next big thing to feature for the miniatures hobby, helping everyone to provide the value consumers want.
While he’s played every edition of Warhammer 40k and Warhammer Fantasy (since 5th Edition) and has been hobbying on miniatures since the 1980s, Titans of all sizes will always be his favorite! It’s even rumored that his hobby vault rivals the Solemnance Galleries, containing rulebooks filled with lore from editions long past, ancient packs of black-bordered Magic Cards, and models made of both pewter and resin.
