Games Workshop Group PLC interims and recruiter Robert Walters
Others in the diary include FTSE 100 group Electrocomponents, insulation giant SIG, and retailer Shoe Zone
Games Workshop Group PLC (LSE:GAW) shares have been (war)hammered since reaching an all-time high in September, with a trading update last month proving that half-year profits from the fantasy-themed miniatures wargaming company will be lower than the previous year’s.
The FTSE 100-listed group said first-half sales will be not less than £190mln and profit before tax at least £86mln.
Given capacity constraints, higher freight costs, supply chain disruption and impact from restrictions such as in Australia, this was an “excellent performance”, said broker Peel Hunt.
Investors will be hoping to hear that management is confident of a much stronger performance in the second half as £500mln of investment is pumped into manufacturing and logistics.
With some major launches coming up in the coming months, the broker said this could provide a further boost.
Staffing insights
Amid much talked about staff shortages in many sectors of the UK economy, this should provide a good backdrop for recruitment firms Robert Walters PLC (LSE:RWA) in its fourth-quarter updates on Tuesday and sector peer PageGroup, which reports on Wednesday respectively.
Both recruiters issued statements last month indicating that business is buoyant.
Robert Walters said profit before tax was “expected to be comfortably ahead of market expectations”. The market is currently expecting earnings before interest and tax (EBIT) to be around £47.mln.
Significant announcements on Tuesday 11 January:
Finals: Shoe Zone PLC
Interims: Games Workshop Group PLC
Trading updates: Electrocomponents PLC, Robert Walters PLC, SIG PLC
Economic announcements: BRC retail sales (UK), business optimism (US)
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