Ubisoft 2004 Annual Report Download - page 31

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29
UBISOFT > 2005 FINANCIAL REPORT
1
GROUP’S ACTIVITIES AND PERFORMANCE DURING FISCAL YEAR 2004/2005
Analysis of activity and comments
on results for fiscal year 2004/2005
1.2
January 2005
lThe equity swap contract with Calyon involving
918,137 shares purchased by Calyon for sale at a
later date is extended from February 28, 2005, to
February 28, 2006;
lThe latest episode in the Myst®saga is announced for
release in Fall 2005;
lTom Clancy’s Ghost Recon®2posts sales of 1.4 million
copies;
lUbisoft is ranked third among independent publishers in
France, fourth in the UK, fifth in Canada and seventh in the
US for the year 2004 as a whole (source: GfK, Media
control, Chart Track, NPD);
lAvideo game development and publishing agreement is
signed with Sony Pictures Consumer Products based on
Open Season™and Surf’s Up,the first two animated
feature films from Sony Picture Animation.
February 2005
lUbisoft announces the creation of Ubisoft campus in
Montreal, designed to train new talent in key areas of
video game development, and its plan to recruit
1,000 new employees over five years soas to
double the workforce in its Montreal studio by the
year 2010;
lUbisoft acquires the technology, tools and source codes
for Microsoft Game Studios team sports games.
March 2005
lUbisoft acquires the development operations of Canada’s
MC2-Microids along with its workforce of about
50 employees;
lTom Clancy’s Splinter Cell Chaos Theory™receives the
best grade ever awarded by Official Xbox®Magazine, the
world’s Number 1 selling Xbox®Magazine;
lAlicensing agreement is signed with And 1®,the
basketball footwear and apparel company, to develop a
streetball video game inspired by the And 1 Mix Tape
Tour: And 1®Streetball;
lThe launch of Tom Clancy’s Rainbow Six Lockdown™is
postponed, with no impact on the financial objectives for
the 2004/2005 fiscal year;
lUbisoft announces the return of the Heroes of Might and
Magic®brand and its entry into the field of role-playing
games.
Sales (€M) 2004/2005 2003/2004 Change at constant Change at current
exchange rates exchange rates
First quarter 62 66 -6% -6%
Second quarter 68 62 +9% +8%
Third quarter 186 228 -16% -18%
Fourth quarter 222 152 +50% +45%
Total 538 508 +8% +6%
At the current rate, turnover increased 6% over the 2004/2005 fiscal year. At a constant rate, growth is at 8%.
Quarterly and annual consolidated sales
1.2.1