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Games Workshop staff to get share of £5m bonus | Games Workshop staff to get share of £5m bonus |
(about 20 hours later) | |
Games Workshop staff will share a £5m bonus after it announced it expects profits to almost double this year. | Games Workshop staff will share a £5m bonus after it announced it expects profits to almost double this year. |
About 1,700 employees at the fantasy games retailer will split the payout "in recognition of their contribution". | About 1,700 employees at the fantasy games retailer will split the payout "in recognition of their contribution". |
The Nottingham-based group said on Friday it expects to report an annual pre-tax profit of at least £74m, which is up from last year's £38.4m. | The Nottingham-based group said on Friday it expects to report an annual pre-tax profit of at least £74m, which is up from last year's £38.4m. |
The results have also been helped by online sales and the continued popularity of tabletop game Warhammer. | The results have also been helped by online sales and the continued popularity of tabletop game Warhammer. |
Revenue is also expected to jump from £158.1 million to £219 million, with the firm boosted by £10m in licensing royalties. | Revenue is also expected to jump from £158.1 million to £219 million, with the firm boosted by £10m in licensing royalties. |
Over the past 12 months, Games Workshop shares have risen by nearly 150% as the firm continues to bounce back from a difficult period when sales faltered. | Over the past 12 months, Games Workshop shares have risen by nearly 150% as the firm continues to bounce back from a difficult period when sales faltered. |
The firm makes 75% of its revenues overseas, and has benefited from the weak pound. | The firm makes 75% of its revenues overseas, and has benefited from the weak pound. |
Games Workshop moved its headquarters from London to the Lenton area of Nottingham in 1997. | Games Workshop moved its headquarters from London to the Lenton area of Nottingham in 1997. |
It boasts a dedicated gaming room and Warhammer-themed pub. | It boasts a dedicated gaming room and Warhammer-themed pub. |
The rise of Games Workshop | The rise of Games Workshop |
Some 40 years ago, friends Ian Livingstone and Steve Jackson set up a board game shop called Games Workshop from their west London flat. | Some 40 years ago, friends Ian Livingstone and Steve Jackson set up a board game shop called Games Workshop from their west London flat. |
The pair made contact with the inventor of Dungeons and Dragons, Gary Gygax, and secured an exclusive three-year distribution agreement in Europe. | The pair made contact with the inventor of Dungeons and Dragons, Gary Gygax, and secured an exclusive three-year distribution agreement in Europe. |
Pouring all of their money into Games Workshop, Mr Livingstone and Mr Jackson created dozens of fantasy board games and books which they sold all over the world. | Pouring all of their money into Games Workshop, Mr Livingstone and Mr Jackson created dozens of fantasy board games and books which they sold all over the world. |
Games Workshop has since grown to become a multimillion-pound business. | Games Workshop has since grown to become a multimillion-pound business. |
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