Ubisoft updates FY2014 financial targets
Publisher slashes earning expectations as two big titles are delayed
Ubisoft has updated its financial targets for 2013-14 and its games release schedule.
Most notably, Watch Dogs and The Crew, previously planned for release in fiscal year 2013-14, are now scheduled for 2014-15, which takes place between April 1, 2014 and March 2015.
The Company now targets sales of between €995 million and €1,045 million and an operating loss of between €70 million and €40 million. Prior targets were sales of between €1,420 million and €1,450 million and operating income of between €110 million and €125 million.
"Our long term goal is to win the next generation. The tough decisions we are taking today to fully realize the major potential of our new creations have an impact on our short-term performance. The additional time given to the development of our titles will allow them to fulfill their huge ambitions,” said Ubisoft co-founder and CEO Yves Guillemot.
The next full financial report will be released on November 12, 2013.
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