Press releases
THE GAME GROUP PLC (formerly The Electronics Boutique plc) unaudited preliminary results for the year ended 31 January 2002
29/04/2002
Highlights
- Operating profit before goodwill amortisation and provision for re-branding up by 126% to £31.2m (£13.8m).
- Pre-tax profit before goodwill amortisation up 102% at £26.3m (£13.0m).
- Turnover up 48% to £453.8m (£307.1m).
- Positive contribution from acquisitions completed during the year to expand business into France and Spain.
- Basic earnings per share more than trebled to 3.33p (1.06p).
- Final dividend increased by 21% to 0.4p (0.33p).
- Store base increased to 389 (311), with 323 stores in UK and Eire and 66 stores now in continental Europe.
- Excellent start to current year with like for like sales up 26% for the first 12 weeks.
Peter Lewis, Chairman quote:
"Exciting new platforms have ensured that the video games market is growing and we are confident about our leading role in that market. Our measured expansion into new European territories utilising our well established strengths is paying dividends and we are very pleased with the progress made to date in integrating those businesses. Record demand for video games is confidently predicted by the industry and we look forward to another year of significant progress."
For further information please contact:
John Steinbrecher, Chief Executive
Martin Long, Deputy Chief Executive
THE GAME GROUP Tel: 01344 464000
Nic Bennett/Ben Foster/Charlie Armitstead
Financial Dynamics Tel: 020 7831 3113
