Ubisoft raises guidance for fiscal 2007, Vegas 2 sells 2 million

News by Patrick Garratt Founder & Publisher (Former)

Published on March 31, 2008

Ubisoft has raised guidance for the current financial year from €875 million to €920 million for the full financial year, and announced that Rainbow Six Vegas 2 has sold 2 million units.

"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 Ubisoft boss Yves Guillemot. "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. One year after the great success of the first title, the second iteration, which provides another unique multi-player experience in the much enjoyed Tom Clancy environment, is ranked among the top games on Xbox 360 and PlayStation 3 in almost every country."

Press release after the link.

Ubisoft raises guidance for fiscal 2007-08

· Sales target increased to around 920 M€ and operating margin to around 14%.

· Tom Clancy’s Rainbow Six® Vegas 2 sells-in around 2 million units, better than expected.

· Assassin’s Creed™ and Games For Everyone brands continue to outperform.

Paris, March 31, 2008 – Today, Ubisoft, one of the world’s largest video game publishers, raises its guidance for fiscal 2007-08 on the back of overall strong performance from its games.

The Group now expects full-year 2007-08 sales of around 920 M€ compared to a previous guidance of approximately 875 M€, announced on January 23, 2008, and current operating income before stock options to represent around 14% of sales, versus the previous estimate of at least 13%. Sales guidance for the fourth quarter are in consequence raised to approximately 210 M€ compared to a previous guidance of around 165 M€.

Yves Guillemot, President and CEO of Ubisoft, stated "As expected, 2008 is off to be a record year for the videogame market and our games have performed remarkably well in this context. 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. One year after the great success of the first title, the second iteration, which provides another unique multi-player experience in the much enjoyed Tom Clancy environment, is ranked among the top games on Xbox360® and PLAYSTATION®3 in almost every country."