* Ubisoft did not only present very strong new meduim-term targets, but stated that targets are reasonable and could even be beaten if executed perfectly !
* Ubisoft gave strong presentation on improvement revenues, margins and cash flow, with 4-5 AAA games released each year. 5 AAA games should sell 40 mio units. New markets for Ubi incl Brazil, Russia, Japan, CHina and Hong Kong.
* More recruitment and investment to come
* Presentation to be supportive to Ubisoft shares, with takeover offer Gameloft giving extra support.
* Note : Ubisoft’s medium term guidance for revenue is 41% above JP Morgan estimate, adjusted income is 168% above JP Morgan estimate, Free Cash Flow 121% above JP Morgan estimate.
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