By Leah Montebello
Despite its buoyant annual results this summer, supply costs appear to finally be taking its toll on the Warhammer maker Games Workshop.
Shares slumped nearly ten per cent this afternoon after the British firm revealed pre-tax profits slid 13 per cent in the last quarter to £39m.
Commenting on this announcement, analysts at Peel Hunt said that while hobbies are “generally resilient” in economic uncertainty, they are “not immune”.
Victoria Scholar at Interactive Investment said that Nottingham-based game manufacturer has been dealing with rising pressures on freight costs and currency rates, giving investors a “rough ride”.
The trading update sits in stark contrast to Games Workshop’s “astonishing” full year results in July, which saw core revenue climb 9.5 per cent to £386.5m and sales soar, despite the glow of lockdown measures fading.
Games Workshop also said that it would hike its dividend by 20 per cent, hand shareholders 30p per share for the three months to 28 August.
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