BBC News // Games Workshop staff to get share of £5m bonus

[warhound67Participant 2743xp 0]

https://www.bbc.com/news/uk-england-nottinghamshire-44413297

 

Games Workshop staff will share a £5m bonus after it announced it expects profits to almost double this year.

About 1,700 employees at the fantasy games retailer will split the payout “in recognition of their contribution”.

The Nottingham-based group said on Friday it expects to report an annual pre-tax profit of at least £74m, which is up from last year’s £38.4m.

The results have also been helped by online sales and the continued popularity of tabletop game Warhammer.

Revenue is also expected to jump from £158.1 million to £219 million, with the firm boosted by £10m in licensing royalties.

Over the past 12 months, Games Workshop shares have risen by nearly 150% as the firm continues to bounce back from a difficult period when sales faltered.

The firm makes 75% of its revenues overseas, and has benefited from the weak pound.

Games Workshop moved its headquarters from London to the Lenton area of Nottingham in 1997.

It boasts a dedicated gaming room and Warhammer-themed pub.

[onlyonepinman 18060xp 1]

Considering that they posted “double profits” last year to have doubled again is nothing short of spectacular.  I doubt the growth can continue indefinitely but I don’t think that should take anything away from just how remarkable the turn around has been.  I guess that a big well done to all of their staff is in order, which is essentially what that bonus is.

[warhound67Participant 2743xp 0]

They have done well 🙂

[kiranamida 5791xp 1]

See, this is what happens when you finally agree to plastic Sisters. 😛

[martlevMember 332xp 1]

It’s good to see them rewarding their staff, especially the retail staff since most of them run stores all by themselves.

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