Games Workshop just put out a bit of a tease about its 2014 finances. Come see what they had to say about how the company is doing!
via GW Investor Relations
TRADING UPDATE ON CLOSE OF FINANCIAL YEAR ENDED 31 MAY 2015
“Following the close of its 2014/15 financial year Games Workshop provides the following trading highlights:
We expect the Group’s profit for the year to 31 May 2015 to be broadly in line with market expectations.
Over the year we have seen modest sales growth, at constant currency, in our core trade and mail order channels. We saw a small decline in our own stores due to continued difficult trading in Continental Europe following our restructuring last year. We saw expected declines in some non-core activities that are grouped with core activities in our reporting. The effect of these non-core activities and the continuing effects of unfavourable exchange rates mean that our reported sales are likely to show small declines in retail (c.5%) and trade (c.3%). Mail order growth was c.5%.
We will provide full and detailed information, including the effects of adverse exchange rates, at the time of our results announcement on 28 July 2015.”
We will have to wait about a week to get the full annual 2014/2015 finance report, but that statement sounds a tad underwhelming after a year that saw the release of TWELVE 40K Codices, and the entire End Times WFB Series.
The floor is your ladies and gentlemen. What do you read in those tea leaves?
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 has won many Warhammer 40k Tournaments over the years, including the Adepticon Team Tournament and American Team Tournaments, and is on a first-name basis with almost every major company in the space.
He’s all gaming all the time. With over 30 years of experience in retail and distribution, Rob knows all the products and exactly which ones are the best. 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 1908s, 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.
