Warhammer maker shares surge as trading ‘in line with expectations’
Games Workshop shares skyrocketed after the Warhammer maker said its most recent trading was “in line with expectations”.
Nottingham games company and wargames manufacturer said trading in the three months to the end of February was as expected. This sent shares up more than six per cent on Thursday afternoon.
As a result, the firm announced a dividend of 70p per share, reflective of its policy of returning “truly surplus cash”. Total dividends declared this year now add up to £2.35 a share, higher than the £1.85 the year before.
Last week, the firm suspended all sales of its Warhammer products in Russia after its ‘horrific’ invasion of Ukraine. The firm, headquartered in Lenton, said it “didn’t take the decision lightly” in a short statement issued on its website on Wednesday, March 16.
This is due to the games’ popularity in the country, with the announcement recognising that there are “many Russian hobbyists who don’t condone the war”. A number of gaming companies have ceased operations in Russia after Ukraine’s deputy prime minister, Mykhailo Fedorov, called for them to do so.
