Ubisoft Raises Current Year Targets

Ubisoft has raised its fiscal 2007-08 guidance citing strong performance from its games.

The company now expects full-year 2007-08 sales of around 920 M€ compared to a previous guidance of approximately 875 M€, announced on January 23, 2008, and current operating income before stock options to represent around 14% of sales, versus the previous estimate of at least 13%. Sales guidance for the fourth quarter are in consequence raised to approximately 210 M€ compared to a previous guidance of around 165 M€.

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