Games Workshop’s (GAW’s) H123 trading update indicates an encouraging start to the year, with reported revenue and operating profit representing more than half of our full year estimate. With around three-quarters of revenue earned overseas, GAW is a beneficiary of sterling’s weakness, notably versus the US dollar, which alone, we estimate, contributed c 6% to GAW’s core revenue growth in H123. Although sterling has recently strengthened, at current exchange rates it continues to provide good su ....
08 Dec 2022
Games Workshop Group - Encouraging trading in H123
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Games Workshop Group - Encouraging trading in H123
Games Workshop Group PLC (GAW:LON) | 9,998 17995.5 1.8% | Mkt Cap: 3,294m
- Published:
08 Dec 2022 -
Author:
Russell Pointon -
Pages:
3
Games Workshop’s (GAW’s) H123 trading update indicates an encouraging start to the year, with reported revenue and operating profit representing more than half of our full year estimate. With around three-quarters of revenue earned overseas, GAW is a beneficiary of sterling’s weakness, notably versus the US dollar, which alone, we estimate, contributed c 6% to GAW’s core revenue growth in H123. Although sterling has recently strengthened, at current exchange rates it continues to provide good su ....