Mark Androvich
16:49 (BST)
31/03/2008
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Ubisoft raises current year targets
Also raises Q4 outlook to EUR 210 million
Ubisoft has raised its fiscal 2007-08 guidance citing strong performance from its games.
The company now expects full-year sales of approximately EUR 920 million - up from previous guidance of approximately EUR 875 million given on January 23. It also expects current operating income before stock options to represent around 14 per cent of sales, versus the previous estimate of at least 13 per cent.
The company has also raised its sales outlook for Q4, anticipating EUR 210 million - up from prior estimates of EUR 165 million.
"As expected, 2008 is off to be a record year for the videogame market and our games have performed remarkably well in this context," said Yves Guillemot, president and CEO.
"Assassin's Creed and our Games For Everyone brands continued their strong performance and Tom Clancy's Rainbow Six Vegas 2 had a better than expected start."
Ubisoft reported that Rainbow Six Vegas 2 has sold-in nearly 2 million units and is ranked among the top games on both the Xbox 360 and PlayStation 3 in almost every country.
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