Ubisoft delays three releases, lowers 2017/2018 sales outlook

Reuters News
Posted: Dec 07, 2017 12:15 PM

(Reuters) - French video game producer Ubisoft said on Thursday it was delaying the release of three games and lowering its 2017/18 sales outlook.

The company now sees 2017/2018 sales of 1.64 billion euros ($1.93 billion), versus its previous goal of 1.70 billion euros. However, it expects its operating margin to be higher than its previous target of 15.9 percent, at 16.5 percent.

($1 = 0.8482 euros)

(Reporting by Alan Charlish; Editing by Adrian Croft)