Ubisoft 2004 Annual Report Download - page 8
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require leading creative minds, so our
investments in training have been reinforced, as
can be seen by the creation of the Ubisoft Campus
in Montreal. We intend to establish partnerships
with schools across the globe to teach tomorrow’s
developers cutting-edge production methods and
tools.
We plan to double
worldwide revenue
and triple profits
by 2010”
Will the company’s financial health be able
to sustain this expansion?
I am confident in our ability to repeat last year’s
achievement: rapid growth while generating a
significant positive cash flow. For the 2005/2006
fiscal year, we project growth of 12% at constant
exchange rates, and a positive cash flow in excess
of €40 million, which will build on the over
€50 million in cash flow that we managed to
achieve this past year. This will allow us to invest
an additional €25 million in our studios, while
continuing to improve our financial ratios.
Furthermore, operating income is expected to
be over €55 million, and net income above
€38 million.
So would you say you are optimistic about the
company’s future?
Iam enthusiastic about Ubisoft’s future. Our
winning strategy has allowed Ubisoft to achieve
growth of 150% from 2001 to 2004, the second
highest rate among independent publishers and
distributors in the UnitedStates. We plan to
double worldwide revenue and triple profits by
2010, and our production force should exceed
4,000 talents in the next four years as well. These
objectives can be achieved while maintaining our
teams’ very high level of expertise to keep our
reputation as one of the best creators in the
world. I am confident in Ubisoft’s capacity to be an
industry groundbreaker. When you take a look at
the company’s incredible assets – its excellent
teams, brands, in-house development strategy,
and far-reaching global distribution network –
there is no doubt we will succeed.
“
YVES GUILLEMOT