Ubisoft delays three releases, lowers 2017/2018 sales outlook

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

A man walks past a Ubisoft logo at the 2014 Electronic Entertainment Expo, known as E3, in Los Angeles, California June 11, 2014. REUTERS/Jonathan Alcorn

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

Our Standards:The Thomson Reuters Trust Principles.
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