Ubisoft 2001 Annual Report Download - page 2

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2
Once again, our growth performance has been in line with forecasts. Up
more than 40% in 2001-2002, it marks a success for all Ubi Soft teams.
At 369 million, group sales increased
42% during the fiscal year. Internal growth
outperformed the market twofold, while
contributions from acquisitions exceeded
forecasts.
This sustained growth combined with effective
cost containment has contributed to im-
proved financial ratios. Operating income is up
292%, at 31 million, while the net result
stands at 8 million.
In addition, following successful operations to
raise capital, we benefit from a solid financing
capacity: 150 million from convertible bonds
and a 130 million credit line under a
syndicated loan.
■ Ubi Soft’s growth strategy is based on four
strategic pillars:
STATEMENT
CHAIRMAN'S
Unrivalled development studios for strong brands
We invested in our first design and development studios in 1994.
Today we are the second largest force in video game creation worldwide.
Development teams are set up in 10 different countries throughout
North America, Europe and Asia. As a result of the combined contribution of
this extraordinary talent base and successful acquisitions, our core product
catalogue now includes six leading brands.
Rayman®, with more than 12 million copies sold since its launch,
remains a major of the genre. It registered another successful year with
the performance of its Game Boy®Advance release.
In the area of strategic action games, the titles Tom Clancy's Rainbow Six®
and Tom Clancy’s Ghost Recon™ have quickly become market references.
Myst®III: Exile, the period's bestseller with over a million copies sold, and
Chessmaster®benefit from their solid PC position as they expand to all gaming
platforms. Settlers®and Prince of Persia®have already respectively sold more
than 3 million and 2 million copies, and the sequels currently under development
are impatiently awaited by fans. To these must be added the strong licenses we
acquire and develop year after year - licenses that continue to enrich our already
comprehensive catalogue. Batman™: Vengeance and IL2 Sturmovik™ were
added last year, for example, and are among several others still to come…
Finally, as highlighted in the US pro forma financial statements, our studios have
achieved further gains in productivity. Starting this year, to facilitate comparison
of our performance with peer-group companies in our sector,
we will provide our financial statement under US Gaap, too.