Ubisoft: adjusts targets for 2017-18.
(CercleFinance.com) - So as to take into account the adjustment of its line-up, in particular, with three games that will benefit from additional development time, Ubisoft has updated its 2017-18 financial targets, which include increased profitability.
The video game publisher now expects turnover of 1,640 million euros for the current fiscal year, against 1,700 million euros previously. However, it also expects a record non-IFRS operating margin of 16.5%, compared to 15.9% previously.
Ubisoft also boasts increased visibility in its targets for 2018-19, which include turnover of 2,100 million euros, a non-IFRS operating profit of 440 million euros and free cash flow of around 300 million euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The video game publisher now expects turnover of 1,640 million euros for the current fiscal year, against 1,700 million euros previously. However, it also expects a record non-IFRS operating margin of 16.5%, compared to 15.9% previously.
Ubisoft also boasts increased visibility in its targets for 2018-19, which include turnover of 2,100 million euros, a non-IFRS operating profit of 440 million euros and free cash flow of around 300 million euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.