Ubisoft: Q3 sales down 26% at E416.2m
(CercleFinance.com) - On Thursday evening, Ubisoft announced Q3 2019/2020 sales of 416.
2 million euros, down 26% from 562 million euros the previous year.
Although lower, net bookings (455.5 million euros) are nevertheless higher than the target of about 410 million euros.
"For the first nine months of 2019-20, IFRS 15 sales amounted to E1,113.7 million, 16.2% lower. The Company is standing by the following targets for 2019-20: Net bookings of approximately E1,450 million, Non-IFRS operating income of between E20 million and E50 million. Ubisoft confirms its targets for 2020-21, namely: Net bookings of approximately E2,600 million, Non-IFRS operating income of approximately E600 million," the group said regarding its outlook.
For the first nine months of 2019-20, IFRS 15 sales amounted to E1,113.7 million, 16.2% lower (17.9% at constant exchange rates) than the E1,329.0 million figure for the first nine months of 2018-19.
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2 million euros, down 26% from 562 million euros the previous year.
Although lower, net bookings (455.5 million euros) are nevertheless higher than the target of about 410 million euros.
"For the first nine months of 2019-20, IFRS 15 sales amounted to E1,113.7 million, 16.2% lower. The Company is standing by the following targets for 2019-20: Net bookings of approximately E1,450 million, Non-IFRS operating income of between E20 million and E50 million. Ubisoft confirms its targets for 2020-21, namely: Net bookings of approximately E2,600 million, Non-IFRS operating income of approximately E600 million," the group said regarding its outlook.
For the first nine months of 2019-20, IFRS 15 sales amounted to E1,113.7 million, 16.2% lower (17.9% at constant exchange rates) than the E1,329.0 million figure for the first nine months of 2018-19.
Copyright (c) 2020 CercleFinance.com. All rights reserved.