Ubisoft FY 2008 profits hit €109.8 million, five new IPs for next year

Ubisoft's announced full year financials, showing a profit of €109.8 million, a 63 percent increase over the year previous.

Sales for the 12 months ending March 31 closed on €1 billion at €928.3 million, up 36 percent from the €680 million reported in FY 2007.

"The surge in our profitability and net cash in 2007-08 was driven by continued strengthening of existing franchises such as Rainbow Six, Rayman, The Settlers and Ghost Recon, combined with the sharp ramp-up of the 'Games For Everyone' casual range and the successful launch of the new releases, Assassin's Creed and Imagine," said Ubisoft CEO Yves Guillemot.

"Going forward, 2008-09 is set to be another record year for Ubisoft. We now have 14 multi-million unit-selling franchises and will be launching 5 new IPs during the period as well as new brands in the casual games segment."