Ubisoft confirms its objectives for the year 2016-17

The turnover amounted to 1 394.0 ME for the year 2015-16 by 4.8% decline (-10.7% at constant exchange rates) compared to the financial year 2014-15 (1 463.8 ME). ‘It is superior to the recently revised target of 1 360.0 ME’ the group said.

Revenues for the fourth quarter was $ 624.9 million, up from 267.7% (250.3% at constant exchange rates).

Gross margin increased as a percentage of sales to 78.1%. The decline in absolute value to 1 088.9 ME, compared with gross margin of 77.0% (1 126.7 ME) over 2014-15.

The non-IFRS operating profit amounted to 169.0 ME. It is higher than the revised target of 150 ME. The non-IFRS operating profit was 170.5 ME on the 2014-15 year.

The non-IFRS net income amounted to 129.0 million, representing earnings per share (diluted) of non-IFRS 1.13 E. The non-IFRS net income was $ 112.6 ME in 2014-15 ( 1.00 per share).

The IFRS net profit stood at 93.4 million, or earnings per share (diluted) 0,82E of IFRS. The IFRS net profit was 86.8 ME and E 0.77 in 2014-15.

‘Through these repeated successes, Ubisoft (AP: UBIP ) proves its implementation capacity and the effective conduct of its strategic plan. Thus we enter a new phase of expansion and strong value creation for our shareholders, with an operating margin target of 20% and Free-cash flow of about 300 for 2018-19 ME ‘said Yves Guillemot , CEO.

‘The turnover of the first quarter of 2016-17 is expected at around 125.0 million, up 29% compared to the first quarter of 2015-16 ad management.

Ubisoft confirms its objectives for the 2016-17 financial year: turnover of about 1700 ME, non-IFRS operating profit of about 230 ME and solid generation of Free-Cash-Flow ‘.

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