French based games studio Ubisoft have just posted an operationg loss of just over £51 million (€ 60 million).
Yves Guillemot Ubisoft CEO:
“Ubisoft's sales were hit particularly hard, falling 18% over the full year despite a stabilization in the second half of the year, when figures came in on a par with the corresponding period of 2008-09. This overall contraction in sales, combined with additional write-downs recorded for games already launched as well as for upcoming releases, led to a 60 M€ operating loss”
But just so its not all doom and gloom the studio did all so see a growth of 1.9% year-on-year with increased sales revenue during the forth quarter of the fiscal year, € 210 million up from the previous year of € 206 million due to higher then predicted sales of title such as Assassins Creed 2 and Just Dance.
Yves Guillemot Ubisoft CEO:
“Ubisoft's sales were hit particularly hard, falling 18% over the full year despite a stabilization in the second half of the year, when figures came in on a par with the corresponding period of 2008-09. This overall contraction in sales, combined with additional write-downs recorded for games already launched as well as for upcoming releases, led to a 60 M€ operating loss”
But just so its not all doom and gloom the studio did all so see a growth of 1.9% year-on-year with increased sales revenue during the forth quarter of the fiscal year, € 210 million up from the previous year of € 206 million due to higher then predicted sales of title such as Assassins Creed 2 and Just Dance.
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