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Ubisoft posts healthy Q1 sales increase following ‘higher than expected’ Ghost Recon sales

Submitted by on Friday, 20 July 2012No Comment

default generic content detail banner e1342787989187 Ubisoft posts healthy Q1 sales increase following higher than expected Ghost Recon salesAn overperforming Ghost Recon: Future Soldier has helped Ubisoft to post improved sales figures for the last fiscal quarter, which ended on 30 June.

Sales during the quarter came in at €131m, up 27.2% compared with the €103m recorded for the same period last year.

The improved sales have been attributed to the “higher than expected” sales for Ghost Recon: Future Soldier, which Ubisoft says was the best-selling console game in the US for May and June, both in unit and value terms.

The online sales numbers are also positive, up 112% to €27 million. Ubisoft says the result was primarily driven by its free-to-play titles and the success of Trials Evolution on XBLA.

However, the outlook for the next quarter is less optimistic with sales expected to come in at approximately €110 million, lower than the same period of 2011-12, but Ubisoft is still standing by its original forecast that full-year sales figures will land somewhere between €1,160m and €1,200m.

The company has continued to boast a strong market share with its figures showing it as the number four independent publisher in the US with a 7.7% market share (compared to number 4 and 7.1% one year earlier) and number three in Europe with an 8.1% marker share (compared with number 3 and 7.1%).

Yves Guillemot, Chief Executive Officer, also outlined the company’s medium-term goals. He said:

 “Our medium-term goal is to capitalize on both the arrival of the new generation of consoles and the ramp-up of the Free-to-Play segment, which represent two major opportunities for us to step up growth and enhance our profitability.”

Ubisoft’s figures aren’t all rosy, they did post a 41% decline in back-catalog sales to €39m, which they say is due to industry wide lower retail back-catalog sales. They also say the contraction was partly offset by growth in online back-catalog sales.

[full report]