Full Year 2019 Ubisoft Entertainment SA Earnings Call Transcript
Good day, and welcome to the Ubisoft FY '19 Earnings Conference Call. At this time, I would like to turn the call over to Yves Guillemot. Please go ahead, sir.
Good afternoon, and good morning, everybody. Thank you for joining our conference call. When we presented our 3 years planning in February 2016, we based our assumptions on a relatively traditional model, with major impact from new releases, with low recurring revenues and with gradual digital shift. Since then, we have steadily executed on our plan. We have released high-quality experiences and we did so at a high cadence. We delivered a much faster digital transformation than anticipated with significantly stronger recurring revenues. As a consequence, in 3 years, our top line rose 46%, while our non-IFRS operating income grew even faster by 164%, leading to a 10 point improvement of our profitability. In an industry that continues to evolve rapidly, we have delivered a robust performance, thanks to our capacity to
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