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Ubisoft reveals 3rd Quarter finanacial report
by Jolex Del Pilar
Wednesday, February 4, 2004
Ubisoft U.S and European reach grows.
Ubisoft today announced third quarter sales for the fiscal year 2003/04 of €227.7 million ($196 million), +29.3% (at constant exchange rates) driven by growth in Europe (52% of activity). In the first nine months of the fiscal year, sales totalled €356.5 million ($307 million) (+40.8% at constant exchange rates).
Some statistics of note follow:
- In the United States – a market up by 1% (PCs and consoles) – Ubisoft grew by 42% in 12 months, ranking 7th among independent publishers.
- In Europe, Ubisoft became #2 leading independent publisher in France1 (+2 ranks), #3 in Germany˛ (+1 rank) and #6 in the United Kingdom3 (+1 rank)
- Prince of Persia The Sands of Time (2 million units) ranked among the top 10 in the main European territories, and Tom Clancy’s Rainbow Six 3 (1.3 million units) became one of the five top-selling games on X-Box in most European countries since its launch.
- The postponement of the launch of Tom Clancy's Splinter Cell: Pandora Tomorrow on PlayStation 2 and of GameCube impacted operating income by €30 million. The release of the X-Box, PC and GameBoy Advance versions is scheduled for March.
- In a very competitive year-end market, sales of new brands such as Beyond Good and Evil and XIII, products which had been heavily marketed, were lower than the early-December forecasts. This had an impact of €10 million.
- This has led the group to record a one time amortization, particularly on Beyond Good and Evil and XIII, for a total of €15 million.
--- Jolex Del Pilar |
