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Gloucestershire Business News

Games Workshop profits soar 69 per cent

Retailer Games Workshop has revealed a large spike in profit over the last 12 months, as it continues its growth into China.

The business also said in a trading statement that each of its 2600 staff will each receive £5000 as part of its profit-share bonus scheme.

Chief executive Kevin Rountree said the special bonuses were for employees' "exceptional performance in helping to increase our profitability significantly".

Games Workshop, which trades on the high street as Warhammer, had to shut its 523-store portfolio including those in Gloucester and Cheltenham during the Covid-19 lockdowns but said performance remained strong for online sales.

Pre-tax profits for the year rose 69 per cent to nearly £151million, with total revenue reaching £353 million - in line with forecasts.

It said it had also cancelled business rates relief and other financial support from the government.

Mr Rountree added: "After a tough year, we are delighted that the Warhammer hobby and Games Workshop are in great shape."

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