Ubisoft drops financial targets following Watch Dogs and The Crew delays

Ubisoft has revised its financial expectations for the 2013 - 2014 fiscal year following the delay of two titles previously set to launch in that period, the company announced today.

The company's original target for the current fiscal year, which would see the launch of the above titles and others, including Assassin's Creed 4 and Rayman Legends, was between €1.42 billion and €1.45 billion. As The Crew and Watch Dogs have been pushed to the 2014 - 2015 fiscal year, those expectations have dropped significantly; the company now expects sales between €995 million and €1.05 billion.

The delays will cause a serious hit to the company's expected income for the fiscal year, but they're setting themselves up to potentially cash in during next-gen's first two years. Ubisoft now has an income target of at least €150 million for the next fiscal year, and at least €200 million for 2015 - 2016.

"Our long term goal is to win the next generation. The tough decisions we are taking today to fully realize the major potential of our new creations have an impact on our short-term performance. We are convinced that, longer term, they will prove to be the right decisions both in terms of satisfaction for our fans and in terms of value creation for our shareholders," CEO Yves Guillemot wrote in a press release announcing the games' delays.

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