Ubisoft: Financial figures delayed, stock trading suspended
Ubisoft has not published its current financial figures as planned on Thursday – it needs more time. Stock trading has been suspended for the time being.
(Image: Ubisoft)
The French game company Ubisoft needs more time to publish its current financial figures. The publisher of “Assassin's Creed” and “Far Cry” had actually planned to inform its investors about the finances of the past half-year on Thursday evening, but has cancelled this date at short notice. Furthermore, Ubisoft has commissioned the stock exchange group Euronext to suspend stock trading for now.
Trading in Ubisoft shares will only be reopened after the publication of the quarterly figures, Ubisoft announced. This is now planned “in the coming days.” Ubisoft provides no information on the reasons for the delay. Little detail can be gleaned from an internal memo published by Insider Gaming, as you can read internal memo published by Insider Gaming from Ubisoft CFO Frederick Duguet.
Ubisoft wants to avoid “unnecessary speculation”
Ubisoft needs more time to publish its current financial figures, Duguet writes in it. Stock trading has been suspended to minimize “unnecessary speculation and market volatility” in the wake of this delay. For legal reasons, no further information can be shared at this time.
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This step is unusual and raises questions. Ubisoft has been under economic pressure in recent years. Several games have had to be postponed repeatedly or flopped upon release. Ubisoft sees restructuring as a step in the right direction: Ubisoft's biggest game franchises have been managed by a subsidiary called Vantage Studios for several weeks. The “creative house” is responsible for “Assassin's Creed,” “Far Cry,” and “Rainbow Six.” The team is led by Charlie Guillemot, son of Ubisoft CEO Yves Guillemot, and Christophe Derennes.
(dahe)
