QUOTE
Games Workshop warns on full year
Fri, 6th Jan 2006, 08:00
War gaming model specialist Games Workshop warned today that full year sales and profits are likely to fall short of market expectations as the Lord of the Rings 'bubble' continues to deflate.
Pre-tax profit for the six months to 27 November sank to £0.1m from £7.7m a year earlier on revenue down to £57.1m from £71m in 2004.
Sales for the five weeks to 1 January 2006 show a year on year decline of 17%.
The situation has been made worse by the continued reduction in sales to independent toy and hobby retailers, notably in the US, it said, where many smaller independent operators are closing down.
The group said it has tried to mitigate the impact of these difficult conditions by working closely with stronger outlets to help them through their current problems and by generating healthier performances from its own Hobby stores.
Chairman and chief executive Tom Kirby said, "We can now see that our full year sales, and therefore profits, are likely to fall short of current market expectations. This is why we have brought forward the timing of our interim results announcement this year."
"Whilst recognising that at present our levels of trading are below last year, the directors firmly believe that the prospects for the business remain very good."
The interim dividend of 4.95p is maintained.
Fri, 6th Jan 2006, 08:00
War gaming model specialist Games Workshop warned today that full year sales and profits are likely to fall short of market expectations as the Lord of the Rings 'bubble' continues to deflate.
Pre-tax profit for the six months to 27 November sank to £0.1m from £7.7m a year earlier on revenue down to £57.1m from £71m in 2004.
Sales for the five weeks to 1 January 2006 show a year on year decline of 17%.
The situation has been made worse by the continued reduction in sales to independent toy and hobby retailers, notably in the US, it said, where many smaller independent operators are closing down.
The group said it has tried to mitigate the impact of these difficult conditions by working closely with stronger outlets to help them through their current problems and by generating healthier performances from its own Hobby stores.
Chairman and chief executive Tom Kirby said, "We can now see that our full year sales, and therefore profits, are likely to fall short of current market expectations. This is why we have brought forward the timing of our interim results announcement this year."
"Whilst recognising that at present our levels of trading are below last year, the directors firmly believe that the prospects for the business remain very good."
The interim dividend of 4.95p is maintained.
Pour ceux qui ne parlent pas anglais, ou qui souhaitent du concret, voici en chiffre (et par région) la différence de profit entre 2005 et 2004. (Qui à dit divisé par deux?)
Bien à vous,
Damned
donc déjà GW profite toujours de ses investissements pour se faire du bien au niveau imposition.