Ubisoft returns to profit in the first half

by bold-lichterman

Ubisoft regains color in the first half of the year. The French video game publisher posted a turnover of 484.2 million euros for the first six months of the year, against 293.3 million euros a year earlier over the same period. This progression represents growth of 65.1% over one year.

Another good news for the company, its accounts are back in the green with a positive net income of 17.1 million euros, against a loss of more than 62.1 million euros in the first half of 2013-2014. This good performance is explained, according to the group, by the success of the title Watch Dogs, the good performance of other games and a strengthening in the digital segment which represented 27.8% of overall revenue.

Objective: 1.4 billion euros in turnover

“The performance achieved in the first half of the year reinforces our confidence in the achievement of our annual objectives. It demonstrates the relevance of our strategy of creating strong brands and investing in digital. (…) It places us at the forefront of this new cycle of consoles and will be decisive in creating value for our shareholders in the short, medium and long terms ”explains Yves Guillemot, CEO.

In the end, Ubisoft hopes to reach a turnover of 1.4 billion euros for the 2014-1025 financial year for a result of “at least” 150 million euros (non IFRS). The group also says it expects non-IFRS operating income of at least € 200 million for the 2015-16 financial year.

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