Ubisoft collapses despite the record figures, the forecasts disappoint

Investing.com – the title of The video game publisher Ubisoft (PA:UBIP) collapsed on Thursday, losing over 13% at the time of the writing of this article.

The annual results of the non-calendar fiscal year 2018-2019 last night, but overall good, weigh in on the title, because of the high expectations of investors.

The company thus posted an operating result (non-IFRS) of 446,0 million (+48,6%), while its “net bookings” (annual turnover, excluding the standard IFRS15) reached $ 2.0 billion (+17.1 per cent), a historical high.

The result is a non-IFRS operating margin of 22.0%, compared with 17.3 percent a year earlier.

However, the group has shown that the net bookings for the first quarter 2019-2020 is expected to be in the vicinity of 270.0 million euros, representing 29.0% of less than Q1 2018-19, which had been boosted by the launches of Far Cry 5 of The Crew.

Investors also punish the fact that the output of Skull & Bones, a new license promising, has been postponed until after the fiscal year 2019-2020.

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