Ubisoft have just announced through a press release of their 2009-10 Q1 sales, that two major releases for this year are being pushed back. Both, Splinter Cell: Conviction and Red Steel 2, will be seeing releases in fiscal Q4, which translates to anywhere between January and March of next year. Their press release also details why they've done poorly, but they say that they have plenty of upcoming titles on the horizon to look forward to, such as Assassin's Creed II.

First-quarter sales down 51% to €83 million, coming in below target.

Update on games release schedule.

Guidance for 2009-10 revised downward.

Paris, July 27, 2009 – Today, Ubisoft reported its sales for the first fiscal quarter ended June 30, 2009.

Sales

Sales for the first quarter of 2009-10 came to €83 million, down 50.6%, or 50.8% at constant exchange rates, compared with the €169 million recorded for the same period of 2008-09.

First-quarter sales for 2009-10 came in 12.6% below the guidance (approximately €95 million) issued when Ubisoft released its sales figures for fourth-quarter 2008-09. This was due to:

− A slowdown in sales of Nintendo DS™ games in Europe and the United States that was more pronounced than expected, impacting back-catalog sales as well as new launches.

− Significantly lower back-catalog sales of titles for PLAYSTATION® 3 and Xbox360® than in the first quarter of 2008-09.

− Poorer-than-anticipated market conditions.

McClubbin via ubisoftgroup.com »