Business
Preliminary Results 2009
Preliminary Results 2009.
About this update from Games Workshop Group Plc
[{"type":"text","content":"\n RNS Number : 3248W Games Workshop Group PLC 28 July 2009 \n \nPRELIMINARY RESULTS 2009\n\nGames Workshop Group PLC ('Games Workshop' or the 'Group') announces its preliminary results for the year ended 31 May 2009.\n\nHighlights\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue up at £125.7m (2008: £110.3m)\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue at constant currency* up at £113.9m (2008: £110.3m)\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit - pre-royalties receivable** up at £5.5m (2008: £0.8m)\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit** at £9.0m (2008: £2.5m)\n\n\n\n\n\n\n\n\n\n\n\n\nPre-tax profit at £7.5m (2008: £1.1m)\n\n\n\n\n\n\n\n\n\n\n\n\nEarnings per share of 17.8p (2008: loss (2.4)p)\n\n\n\n\n\n\n\n\n\n\n\n\nYear end net borrowings of £1.6m (2008: £10.1m)\n\n\n\n\n\nMark Wells, chief executive of Games Workshop, said: \n\n'We are pleased to have delivered a good set of results this year, significantly reducing our net debt. We believe that we have laid the foundations for steady growth and that the prospects for Games Workshop remain good.'\n\nFor further information, please contact:\n\n\n\n\n\nGames Workshop Group PLC \n\n\nToday only:\n\n\n01653 618 016\n\n\n\n\nTom Kirby, chairman \n\n\nThereafter:\n\n\n0115 900 4001\n\n\n\n\nMark Wells, chief executive\n\n\n\n\n\n0115 900 4001\n\n\n\n\nKevin Rountree, chief financial officer\n\n\n\n\n\n0115 900 4001\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInvestor relations website \n\n\nhttp://investor.games-workshop.com\n\n\n\n\nGeneral website\n\n\nwww.games-workshop.com\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRawlings Financial PR Limited\n\n\nTel:\n\n\n01653 618016\n\n\n\n\nCatriona Valentine\n\n\n\n\n\n\n\n\n\n\n\nThe 2009 annual report, analyst presentation and notice of annual general meeting may be viewed at the investor relations website at the address above.\n\n* Constant currency growth is calculated by comparing results in the underlying currencies for 2008 and 2009, both converted at the 2008 average exchange rates.\n** Details of exceptional items relating to the cost reduction programme in the prior year are set out in note 10.\n\n\nFINANCIAL HIGHLIGHTS\n\n\n\n\n\n\n\n\n\n2009\n\n\n2008\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n£125.7m\n\n\n£110.3m\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue in constant currency *\n\n\n£113.9m\n\n\n£110.3m\n\n\n\n\n\n\n\n\n\n\n...