French video video games maker Ubisoft declared new revenue and income growth goals for the next 3 years on Thursday as control sought to at ease its independence in the face of media group Vivendi's current stakebuilding.
Vivendi, which is chaired by way of French billionaire Vincent Bollore, has elevated its stake to almost 15 percent seeing that shopping for into each Ubisoft and associated cell phone games organisation Gameloft last October.
the brand new dreams encompass increasing annual revenue by way of 60 percentage to two.2 billion euros (1.7 billion pounds) for the 12 months ending March 2019 with an operating profit margin of 20 percent and unfastened coins flow of around three hundred million euros for the equal 12 months.
The founding Guillemot family, which still owns 9.three percent of Ubisoft, regards Vivendi's circulate as adverse and the agency turned into meeting with buyers in London on Thursday following the declaration of its new financial objectives.
The Guillemot own family additionally owns 18.99 percent of Gameloft, having introduced on Monday that it had raised its stake to fend off Vivendi, which now holds a 28.2 percentage stake.
Ubisoft would not see synergies with Vivendi, leader financial Officer Alain Martinez said at some stage in a call with journalists.
"we are anticipating Vivendi to offer Ubisoft with a right solution on this challenge," he said.
Ubisoft's stocks jumped via extra than eleven percent to 22.three euros a percentage after the group announced the forecasts.