GW year end results

Legacy Account

Active member
Originally posted by DrEvilmonki
What interests me most about these results is the opinion of those who were foaming at the mouth with the prospect of GW demise after their last 2 years figures.

They\'ve successfully kept the wolf from the door - for the immediate future. Much of the extra \'profit\' comes from significantly increased prices (on products that are far cheaper to manufacture) and the 6m quid a year cuts they made. I\'ll wager they aint selling significantly more product. Which is fine as long as they don\'t shed more sales. Which is exactly what will happen if they continue to ramp prices up at the rate they have done.
 

Dwight Fry

New member
From a pure profitability standpoint Plastic is better than metal, especially if they use tin.
From the modeler perspective though, metal all the way for the figures/people... The plastic vehicle kits though are very nice.



Foreign exchange risk??? Yeah right... The pound is so strong and the \'adjustment\' for the difference seems ridiculous...
So ridiculous that they made an extra £500,000 off favorable rates....


That said, for about 2-3 months there it was cheaper to buy the products in the UK and have it shipped to the US than go to a retailer and buy it...
 

War Griffon

New member
When the UK government dropped the tax from 17%/17.5% GW dropped the price accordingly however a few months later theu increased the prices of their products by 7.5%.

|No surprise they are making a profit when they increase prices well above that of inflation...
 

DXM

New member
Hey GW,
Try cracking open a box of Dragon Gen2 series of figures to see that real plastic minis should look like and stop patting yourself on the back about the mediocre plastics you put out.( Both Minis and vehicles )
 

nick232

New member
Originally posted by DXM
Hey GW,
Try cracking open a box of Dragon Gen2 series of figures to see that real plastic minis should look like and stop patting yourself on the back about the mediocre plastics you put out.( Both Minis and vehicles )

i know how good the minis are, but GW are the most sucsessful mini company so they must be doing some thing right. and gw plastics are decent, if you want mediocre then \'crack\' open a box of revel minis, or tamiya minis god knows what you\'d think of those!
 

generulpoleaxe

New member
Originally posted by nick232
Originally posted by DXM
Hey GW,
Try cracking open a box of Dragon Gen2 series of figures to see that real plastic minis should look like and stop patting yourself on the back about the mediocre plastics you put out.( Both Minis and vehicles )

i know how good the minis are, but GW are the most sucsessful mini company so they must be doing some thing right. and gw plastics are decent, if you want mediocre then \'crack\' open a box of revel minis, or tamiya minis god knows what you\'d think of those!

so tamiya, zvezda etc don\'t sell plastic models? they are the most succesfull wargaming company. big differance mate. :)
 

Aliengod3

Active member
Originally posted by nick232
Originally posted by DXM
Hey GW,
Try cracking open a box of Dragon Gen2 series of figures to see that real plastic minis should look like and stop patting yourself on the back about the mediocre plastics you put out.( Both Minis and vehicles )

i know how good the minis are, but GW are the most sucsessful mini company so they must be doing some thing right. and gw plastics are decent, if you want mediocre then \'crack\' open a box of revel minis, or tamiya minis god knows what you\'d think of those!

If other miniature companies operated at the same level as GW I doubt GW would be as successful. If Rackham had stores worldwide to help promote their products I would forget that GW ever existed.
 

NGArtStudios

New member
I think Aliengod hit the nail right on the head here. GW has decent products but their real genius lies in mass marketing as well as the fact that there really is no alternative to their products that are as readily available.

Also the fact that their games are one of a kind is what makes them very successful.
 

Dragonsreach

Super Moderator
Staff member
Originally posted by NGArtStudios
I think Aliengod hit the nail right on the head here. GW has decent products but their real genius lies in mass marketing as well as the fact that there really is no alternative to their products that are as readily available.
I was initially going to argue that you were wrong, but the more I thought about it the more I actually agree in principle.
GW\'s mass marketing is working because their primary target customerdoesn\'t have the discernment or experience to see through the BS.
Its older (and perhaps more cynical) gamers/painters that see what a carefully calculated business model they are using.
Their high street presence gives them the added advantage over other companies in that their self promotion is encapsulated.
\'Little Wayne\' doesn\'t end up buying a box of toy soldiers from big toy store and has to take them home to open and look at the rules. Then find he can\'t understand stuff and get disappointed and ends up binning them, with GW he has a store with people who will explain the \'In\'s and Out\'s\'. Thereby allowing him to continue adding to their profit.
It is a sound marketing ploy, not much different in principle to a car dealership ie Ford, Mazda or Honda being supplied from a single location. So when you need a spare part you know where to go.


Also the fact that their games are one of a kind is what makes them very successful.
Sorry I dissagree, their games aren\'t \"One of a Kind\". They are the most highly available and widely publicised of the genre.
But consider as Aliengod3 suggested, if Rackham, Privateer Press and I-Kore had a High Street presence would their markets especially in the UK have been a major competitor to GW? Quite Possibly.

Now in the UK, the origins of Wargaming, as we know it now, were incredibly \"low Level\" Most Wargames were historical, Roman & Napoleonics and aimed at large contingent armies, Rules were restrictive and tourneys/gatherings were RARE, most wargames were limited to \'clubs\' gathering in church halls.

The development of D&D and Fantasy as an alternative to historical was an evolution in the hobby. GW have simply developed that into a \"kid aimed\" marketing strategy.
In the USA the number of Comic book stores is far higher than the UK and the comparative market audience greater, so Stores that can afford the gaming space can develop audience appreciation of other games.
Over here floor space rental and the overheads for small businesses like Comic book/Model stores (located in biger cities) in most cases prevents the loss of sales floor space allocated to non-profit making gaming tables.
GW use that to their advantage in ensuring that floor space is given over to gaming tables so that \'Wayne\' brings along \'Kevin & Matt\' so that they too play the game and spend money instore.
I think thats is sometimes refered to as \"Customer Fueled Marketing\".

 

NGArtStudios

New member
Originally posted by Dragonsreach
Originally posted by NGArtStudios
I think Aliengod hit the nail right on the head here. GW has decent products but their real genius lies in mass marketing as well as the fact that there really is no alternative to their products that are as readily available.
I was initially going to argue that you were wrong, but the more I thought about it the more I actually agree in principle.
GW\'s mass marketing is working because their primary target customerdoesn\'t have the discernment or experience to see through the BS.
Its older (and perhaps more cynical) gamers/painters that see what a carefully calculated business model they are using.
Their high street presence gives them the added advantage over other companies in that their self promotion is encapsulated.
\'Little Wayne\' doesn\'t end up buying a box of toy soldiers from big toy store and has to take them home to open and look at the rules. Then find he can\'t understand stuff and get disappointed and ends up binning them, with GW he has a store with people who will explain the \'In\'s and Out\'s\'. Thereby allowing him to continue adding to their profit.
It is a sound marketing ploy, not much different in principle to a car dealership ie Ford, Mazda or Honda being supplied from a single location. So when you need a spare part you know where to go.


Also the fact that their games are one of a kind is what makes them very successful.
Sorry I dissagree, their games aren\'t \"One of a Kind\". They are the most highly available and widely publicised of the genre.
But consider as Aliengod3 suggested, if Rackham, Privateer Press and I-Kore had a High Street presence would their markets especially in the UK have been a major competitor to GW? Quite Possibly.

Now in the UK, the origins of Wargaming, as we know it now, were incredibly \"low Level\" Most Wargames were historical, Roman & Napoleonics and aimed at large contingent armies, Rules were restrictive and tourneys/gatherings were RARE, most wargames were limited to \'clubs\' gathering in church halls.

The development of D&D and Fantasy as an alternative to historical was an evolution in the hobby. GW have simply developed that into a \"kid aimed\" marketing strategy.
In the USA the number of Comic book stores is far higher than the UK and the comparative market audience greater, so Stores that can afford the gaming space can develop audience appreciation of other games.
Over here floor space rental and the overheads for small businesses like Comic book/Model stores (located in biger cities) in most cases prevents the loss of sales floor space allocated to non-profit making gaming tables.
GW use that to their advantage in ensuring that floor space is given over to gaming tables so that \'Wayne\' brings along \'Kevin & Matt\' so that they too play the game and spend money instore.
I think thats is sometimes refered to as \"Customer Fueled Marketing\".




I agree with you for the most part but I will still argue that GW has an edge because their games are somewhat one of a kind. Rackham, PP and all the others I think would probably be a bit more popular if they had the marketing capability that GW has but I still don\'t think they would get the edge over GW. My problem with Rackham and PP as well as most of the other companies is that their games are primarily skirmish based. I may only be speaking for myself here but Warhammer (especially fantasy) is quite unique that it is a fantasy game on a larger scale, as apposed just a few minis in a war band. Sure a lot of other war games such as the historical ones are on a much greater scale as well, but as far as fantasy and even science fiction goes, GW offers the closest thing you can get to massed battles, as apposed to skirmishes. That\'s just my two cents though, and I am sure that most people may even prefer the smaller scale games because they are faster, and cheaper.
 

generulpoleaxe

New member
warhammer was based on a set of historical rules, it is not unique.

GW has a bloody good marketing set up and should be (they most likely are) proud of it. Cornering a market without creating a manopoly is pure genius.
Most plc\'s struggle and slowly die after a while due to nature of how share owned companies work. GW would be wise to work on slowly taking themselves off the stock market so that they can concentrate on real long term goals and not the wants of the share holders.
 

NGArtStudios

New member
Originally posted by generulpoleaxe

GW has a bloody good marketing set up and should be (they most likely are) proud of it. Cornering a market without creating a manopoly is pure genius.
Most plc\'s struggle and slowly die after a while due to nature of how share owned companies work. GW would be wise to work on slowly taking themselves off the stock market so that they can concentrate on real long term goals and not the wants of the share holders.


Completely agree with you there.
 
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