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Financewatch: GW’s Trading Statement

2 Minute Read
Dec 22 2014
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If you love reading the tea leaves on Games Workshop, their latest news will keep you quite busy!


2013/14 Trading Statement

First up the first 6 month fiscal Trading Statement that somehow flew under the radar for a couple weeks:

Games Workshop Group PLC announces that trading in the six months to 30 November 2014 at constant currency has been broadly in line with the Board’s expectations and 2013/14 first half performance.

The Company has been exposed to the continuing strength of sterling, particularly against the US dollar and euro in the period reported. The adverse impact in the six months to 30 November 2014 will result in operating profit at actual rates being approximately £1 million lower than 2013/14 first half performance.

The Company’s half yearly report for the six months to 30 November 2014 will be released on 14 January 2015.

Executive Staffing Changes
Then just days ago, the latest word on the Executive Staff at GW HQ:

The Board of Games Workshop is pleased to announce the appointment of Rachel Tongue as Group Finance Director with effect from 1 January 2015.

Rachel, 43, is a chartered accountant and chartered tax adviser and joined Games Workshop in 1996. She is currently Company Secretary and Legal and Compliance Manager.

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Rachel and her husband hold 8,000 Games Workshop ordinary shares. There are no further details required to be disclosed relating to Rachel Frances Tongue under 9.6.13R of the Listing Rules of the UK Listing Authority.

So for an year to year comparison, here is last year’s financial report for the 6 months ending December 1 2013.
On the executive staff front, this looks to be a continuation of the CEO-based trend, of internal promotions into the executive staff, rather than the bringing in of outsiders.
~Have at it.

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