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Provider: ValuEngine, Inc.
Provider: ValuEngine, Inc.
Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.

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Ubisoft Entertainment SA Confirms FY 2013/2014 Sales and Operating Loss Guidance; Acquires Assets from Digital Chocolate; Sells Stake in Gameloft SE

Tuesday, 12 Nov 2013 11:35am EST 

Ubisoft Entertainment SA announced that it is standing by its recently-revised targets for fiscal year 2013/2014, namely sales of between EUR 995 million and EUR 1,045 million and a non-IFRS operating loss of between EUR 70 million and EUR 40 million. According to I/B.E/S estimates, analysts on average are expecting the Company to report revenue of EUR 1,028.7 million and EBIT of EUR -58.36 million. The Company also announced the acquisition of Digital Chocolate's Barcelona studio's assets. This studio specializes in developing free-to-play social games and games for mobiles and tablets. In addition, the Company sold 1 million Gameloft SE shares in the second quarter of fiscal year 2013/2014, generating a capital gain of EUR 4.4 million and a positive EUR 6.0 million cash impact. Ubisoft no longer holds any Gameloft SE shares. 

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30 Jan 2015