A big spike in profit over the last year, confirmed plans to expand in China, and a bonus of £5,000 to each member of staff compound another successful end of year for the UK-based tabletop gaming brand, Games Workshop.
In its trading update issued this week, the tabletop figures retailer confirmed that each of its around 2,600 staff will receive £5000 in shares under its profit-share scheme following a profits spike at the company of 69 per cent to hit £151 million.
The share bonuses, issued to staff in May this year, are in total worth £12 million, marking a £10 million increase on the £2 million awards given to staff in the previous year. Meanwhile, senior executives will share an extra £1.1 million bonus pot, marking a £300,00 increase on the year before.
Games Workshop has been at the forefront of a surge in demand for tabletop gaming and RPG gaming over the last few years. While it was forced to close its 523 stores during lockdowns due to the pandemic, its online engagement, online events, and online sales helped buoy the company through the tough trading period.
As a result of consumer demand for escapism during the pandemic’s various lockdowns, and the retained audience that had turned to the hobby sector for entertainment, Games Workshop has seen its full-year pre-tax profit rise 69 per cent to nearly £151 million, while revenue came in at £353 million.
With another successful year under its belt, the retail brand has begun eyeing international expansion, detailing its plans to roll out hundreds of products across China, following delays at the border.
Chief executive, Kevin Rountree said that while China and Japan are ‘not significant contributors’ to the company’s performance yet, the firm ‘remains focused on sharing our passion for Warhammer to more people in these countries as well as the rest of Asia.’