Warhammer maker Games Workshop to give staff £5m bonus
Archant © 2006
Employees at Warhammer maker Games Workshop are set to land a £5m windfall after the company announced it would pay a bonus following sales and profit growth.
The company, which has shops in Norwich, King’s Lynn, Bury St Edmunds, Ipswich and Colchester, will pay out nearly £3,000 to each of its 1,713 staff.
The Nottingham-based group said it expects to report annual pre-tax profit of at least £74m, up from last year’s £38.4m. Revenue is also expected to jump, from £158.1m to £219m, with the firm boosted by £10m in licensing royalties.
The results have also been helped by online sales and the continued popularity of tabletop game Warhammer.
But shares were down over 6% after the company said it intends to half its full-year dividend to 30p.
Games Workshop makes 75% of its revenues overseas, so has benefited from the Brexit-induced collapse in the pound.