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Future bright for Ubisoft after financials

Leading analyst Wedbush Morgan has raised its revenue estimates for Ubisoft's financial year 2008 to €825 million, with an even better year to come in 2009, when revenues are expected to hit a staggering €975 million.

“Ubisoft had another stellar period of earnings growth,” says the latest report. “The company had already reported strong sales for financial year 2007, and now reported strong earnings.

"While the company’s operating income before stock options were slightly better than its guidance, earnings were much better than expected due to gains from an equity swap and lower interest expense. Total other pre-tax financial income of €21 million versus our estimate of €6 million."

As the results were announced, Ubisoft CEO Yves Guillemot added: “With the best games line-up in its history, Ubisoft has laid the foundation for starting 2007-08 in excellent conditions and is well-positioned to continue to gain market share and further increase its profitability in a high-growth sector.”

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