Ubisoft raises annual sales target to 920m

Ubisoft has raised its sales guidance for fiscal 2007 – 2008 to €920 million – up from its previous forecast of €875 million, announced in January.

The new target comes off the back of better-than-expected software sales, particularly for Tom Clancy’s Rainbow Six Vegas 2 – which has already sold two millions cpies worldwide.

The firm now expects current operating income before stock options to represent around 14 per cent of sales, an increase from its previous estimate of at least 13 per cent.

Sales guidance for its fourth quarter have also risen, up from €165 million to €210 million.

President and CEO of Ubisoft Yves Guillemot stated:

"As expected, 2008 is off to be a record year for the videogame market and our games have performed remarkably well in this context. Assassin’s Creed and our Games For Everyone brands continued their strong performance and Tom Clancy’s Rainbow Six Vegas 2 had a better than expected start.

One year after the great success of the first title, the second iteration, which provides another unique multi-player experience in the much enjoyed Tom Clancy environment, is ranked among the top games on Xbox360 and PS3 in almost every country."