Press releases
THE GAME GROUP PLC - Audited preliminary results for the year ended 31 January 2005
19/04/2005
THE GAME GROUP PLC, Europe’s largest specialist retailer of computer and video games software, today announces preliminary results for the year ended 31 January 2005.
FINANCIAL OVERVIEW
| Year ended 31/1/05 | Year ended 31/1/04 | % change | |
|---|---|---|---|
| Group Turnover | £576.6m | £606.7m | -5.0 |
| Profit before tax and goodwill amortisation | £31.9m | £24.3m | +31.3 |
| Operating profit | £26.8m | £17.8m | +51.0 |
| Gross profit margin | 30.6% | 28.8% | +6.3 |
| Basic earnings per share | 4.69p | 2.95p | +59.0 |
| Dividend per share | 2.2p | 2.0p | +10.0 |
Operational and financial highlights
- Continued strong performance in the UK and Ireland
- Profitability achieved in Continental Europe for the first time
- £6.1m returned in the year to shareholders through share buyback programme
- Strong performance achieved despite acute supply shortages of consoles over Christmas which contributed to the sales shortfall
- In the first 11 weeks of the current year to 16 April sales are up 18.1% with like for like sales up by 8.0%
Peter Lewis, Chairman, commented:-
“This was a resolute performance particularly in light of a breakdown in console hardware supplies through the key Christmas period and the consequent disruption to our customer flows.
Achieving profitability in Continental Europe earlier than expected is particularly pleasing.
This year, Nintendo DS and Sony PSP will help bridge the console generation gap. In 2006, we expect the eagerly awaited PS3 and Xbox2 to stimulate strong demand for our product.”
For further information please contact:
| Lisa Morgan, Deputy Chief Executive | ||
| David Thomas, Group Finance Director | ||
| The GAME Group | Tel: 01256 784085 | |
| Jonathan Glass | ||
| James Crampton | ||
| Brunswick Group | Tel: 020 7404 5959 | |
View the full press release in PDF format.
Adobe website (opens in a new window)
To read the PDF documents on this page you may need to download the free Adobe Reader or you can use the free online conversion tools.
