Ubisoft financials hike up, reports 35% increase in console income

Paris-based publisher Ubisoft Entertainment has just made known its first half financial performance for fiscal year 2007, and the company reports some EUR 261 million (US$ 355.31 million) in sales. That’s a 51.8% hike up in sales from last year’s EUR 172 million (US$ 234.15 million), and a good lap ahead of Ubisoft’s first half targets. The French publishing company also reported that 75% of its income now comes from console games sales.

Ubisoft Entertainment CEO Yves Guillemot said:

Ubisoft has turned in a very solid first-half showing and has continued to win market share on new-generation consoles. […] The strong sales performance and our positioning on high gross margin consoles has lead to a sharp profitability improvement for the first half of 2007-08.

 
With Assassin’s Creed (Sony PlayStation 3, Microsoft Xbox 360, PC), Haze (Sony PS3, Xbox 360, PC) and, Rayman Raving Rabbids 2 (Nintendo Wii, DS), and Naruto: Rise of a Ninja in its lineup of games to be released, Ubisoft eyes a continuance of income at the later half of fiscal year 2007 and raised its optimistic estimates by a modest 6% (year-on-year) to € 330 million (US$ 449.24 million). The company expressed its full year projection to reach at an estimate of € 825 million (US$ 1.12 billion) by the fiscal year’s end.

In other finer points, Ubisoft has announced that four titles were delayed to FY 2008-2009. Tom Clancy’s End War (Xbox 360, PlayStation 3) will still make it by this fiscal year, including the four titles mentioned earlier.

Paris-based publisher Ubisoft Entertainment has just made known its first half financial performance for fiscal year 2007, and the company reports some EUR 261 million (US$ 355.31 million) in sales. That’s a 51.8% hike up in sales from last year’s EUR 172 million (US$ 234.15 million), and a good lap ahead of Ubisoft’s first half targets. The French publishing company also reported that 75% of its income now comes from console games sales.

Ubisoft Entertainment CEO Yves Guillemot said:

Ubisoft has turned in a very solid first-half showing and has continued to win market share on new-generation consoles. […] The strong sales performance and our positioning on high gross margin consoles has lead to a sharp profitability improvement for the first half of 2007-08.

 
With Assassin’s Creed (Sony PlayStation 3, Microsoft Xbox 360, PC), Haze (Sony PS3, Xbox 360, PC) and, Rayman Raving Rabbids 2 (Nintendo Wii, DS), and Naruto: Rise of a Ninja in its lineup of games to be released, Ubisoft eyes a continuance of income at the later half of fiscal year 2007 and raised its optimistic estimates by a modest 6% (year-on-year) to € 330 million (US$ 449.24 million). The company expressed its full year projection to reach at an estimate of € 825 million (US$ 1.12 billion) by the fiscal year’s end.

In other finer points, Ubisoft has announced that four titles were delayed to FY 2008-2009. Tom Clancy’s End War (Xbox 360, PlayStation 3) will still make it by this fiscal year, including the four titles mentioned earlier.