UBS Group has reported to the AMF that as of November 15, 2024, it has surpassed a 5% stake in Ubisoft Entertainment, holding 5.22% of the company's share capital and 4.78% of its voting rights. This increase is attributed to an off-market acquisition of shares and a rise in shares held by assimilation.
On November 15, 2024, UBS Group announced to the AMF that it has surpassed a 5% stake in Ubisoft Entertainment, now holding 5.22% of the capital and 4.78% of the voting rights. This increase resulted from an off-market acquisition of shares and additional holdings through assimilation.
UBS Group has increased its stake in Ubisoft Entertainment to 5.22%, surpassing the 5% threshold. This change, reported to the AMF, resulted from an off-market acquisition of shares and an increase in shares held by assimilation, with UBS AG controlling the stake.
UBS Group has increased its stake in Ubisoft Entertainment to 5.22%, surpassing the 5% threshold. This change, reported to the AMF on November 15, 2024, resulted from an off-market acquisition and an increase in shares held by assimilation. Currently, UBS holds 4.78% of the voting rights.
UBS Group AG has announced that it has surpassed a 5% stake in Ubisoft Entertainment as of November 15, 2024. The Swiss firm now holds 6,829,776 shares, equating to 5.22% of the capital and 4.78% of the voting rights, following an off-market acquisition and an increase in shares held by assimilation.
UBS Group AG has reported that it has fallen below the 5% capital threshold in Ubisoft Entertainment as of November 14, 2024. The Swiss bank now holds 92,697 shares, representing 0.07% of the capital and 0.06% of the voting rights, following an off-market sale and a reduction in shares. This declaration was submitted to the AMF on November 20, 2024.
UBS Group AG has increased its stake in Ubisoft Entertainment, surpassing the 5% threshold as of November 13, 2024. The Swiss firm now holds 6,809,415 shares, representing 5.21% of the capital and 4.76% of the voting rights, following an off-market acquisition and an increase in shares held by assimilation.
UBS Group has reported to the AMF that it has surpassed a 5% stake in Ubisoft, holding 5.21% of the capital and 4.76% of the voting rights as of November 13. This increase follows an off-market acquisition of shares, leading to the loss of the trading exemption for the declarant.
UBS has revised its price target for Ubisoft, lowering it to €13.75 from €14.5, while maintaining a Neutral rating due to disappointing first-half results. The company reiterated its fiscal year forecasts, expecting net bookings of approximately €1.95 billion and near breakeven for non-IFRS operating income and free cash flow for the 2024-25 financial year.
Ubisoft Entertainment SA reported net bookings of €352.3 million ($382 million) for the second quarter of the 2025 fiscal year, a 36% decline from the previous year. This figure fell short of analysts' expectations, which averaged €368 million, and aligns with the company's recently revised guidance. Production delays and disappointing sales, particularly related to Star Wars titles, are impacting Ubisoft's turnaround strategy.
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