REUTERS: French video game producer Ubisoft on Wednesday reported fourth-quarter net bookings of 676.7 million euros, below company's expectations of approximately 698.0 million euros.
Fourth-quarter sales stood at 516.5 million euros , also missing the company's target of around 571.0 million euros"IFRS 15 ... was introduced in our books this year," CFO Frederick Duguet said, referring to accounting rules."And, as we had announced, we did not restate last year's figures", Duguet said on a call.The company expects net bookings of around 2.19 billion euros for the full year 2019-2020 and non-IFRS operating income of around 480 million euros.
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