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Investing.com -- Games Workshop Group PLC (LSE:GAW) shares climbed 7% following the company’s announcement that trading in January and February performed above expectations.
The robust performance across its core business and licensing segments has led the firm to predict that its profit before tax (PBT) for fiscal year 2025 will surpass prior forecasts, though no additional details were disclosed.
The update comes shortly after the company reported its interim results on a January 14, signaling a continuation of positive momentum. Games Workshop’s first half of the fiscal year showcased a strong outcome, with a revenue increase of 16% and a profit rise of 22% compared to the same period last year.
This performance was particularly noteworthy given it was achieved against challenging comparisons from the previous year’s success of its Warhammer 40,000 product line.
Jefferies, a global investment banking firm, commented on the news stating, "While clearly a positive that this is being signalled just weeks after the interim results (14 January), we expect it will come as little surprise with many having viewed consensus FY25 expectations as having been pitched too conservatively in light of the strong ’Space Marine 2’-led H1 result.
The most encouraging element from our perspective is the recognition of continued strong trading in the core business after the outstanding H1 result (revenue +16%, profit +22%) that was delivered against tough 40k comps. The shares have had a very good run (1yr +48%) but continue to justify a premium multiple with upgrades."
The company’s share price has seen a significant increase over the past year, rising by 48%, and the recent announcement is expected to further cement its standing in the market.
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