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Games Workshop's growth potential offsets chunky rating

Investors are still waiting for more detail on the potential Amazon deal, but the full-year results should keep them satisfied for now
July 25, 2023
  • Margins down slightly
  • ROCE increase

Games Workshop (GAW) hiked its full-year dividend as chief executive Kevin Rountree pointed to “the highest level of sales and the most profit we have generated since flotation 29 years ago”. The miniature maker’s solid revenue and profit growth certainly supported a confident approach to the return of capital, albeit trading was in line with expectations which meant a flat share price performance on the day.

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