Games Workshop has issued a closing update confirming FY19 revenue of c £254m and pre-tax profits of not less than £80m, in line with our recently upgraded forecasts. Consistent with company policy to distribute surplus cash, dividends totalling 1.55p per share have been paid during the year. The company continues to focus on international multi-channel expansion, customer engagement and product innovation, alongside its openness to exploring ways in which to leverage its rich intellectual property to generate royalty income.
Sales growth has remained strong across all channels, driving c 15% increase in FY19 group revenue to c £254m and pre-tax profit expected to be not less than £80m, in line with our recently upgraded forecasts. Royalties receivable from licensing were c £11m. As in the prior year, profit share bonuses totalling £5m were paid on an equal basis to each member of staff during the year.
In line with company policy to distribute excess cash, a dividend of 35p was paid on 31 May 2019, taking the total dividend paid in the year to £1.55. No update has been provided on the year-end cash position. The company will publish FY19 results on 30 July 2019.