Tom Clancey's Rainbow Six Vegas 2 publisher raises earnings forecast

Mike Bantick
Tuesday, 01 April 2008 07:19

Your IT - Entertainment

Ubisoft, publisher of Assassin’s Creed and Tom Clancey’s Rainbow Six Vegas 2 amongst others are positive about the up coming year, upping their expected income forecast.

Having had an extremely share-holder pleasing 2007 , 2008 does not seem to be slowing for video game publisher Ubisoft.

In a statement released today, on the back of Tom Clancey’s Rainbow Six Vegas 2 selling in a better-than-expected 2 million units, Ubisoft have raised the target of their operating margin by 14 percent.

The statement continued: The Group now expects full-year 2007-08 sales of around €920 million compared to a previous guidance of approximately €875 million, 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 million compared to a previous guidance of around €165 million.

Yves Guillemot, President and CEO of Ubisoft, 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 PLAYSTATION 3 in almost every country."