POTENTIAL LOSS FOR 04
Copyright 2004 www.tombraiderchronicles.com
[ June 17th 2004 ]
plc, the publisher of computer video-game heroine
Lara Croft, saw 2.9 percent shaved from its London
share price ealier today after issuing a profit
warning and warning investors it may post a fiscal
full-year loss as a result of soft product performance
within the videogame industry. The company also
delayed the release of ShellShock Nam ’67 till
September in a move the company says will contribute
to the success of the franchise.
the current financial year, Eidos has successfully
released on time 13 new titles (41 sku's), which
evidences further the significant improvements
made by the Company in managing its development
resources over the past 12 months. The Company's
most recent release, Thief: Deadly Shadows, was
launched on 25 May in the US and has performed
in line with management's expectations since launch.
"The title also released in Europe on 11 June
and while it is too early to comment on its European
performance, initial reviews are very encouraging.
Company's final planned release during the current
financial year, ShellShock: Nam '67, has been
approved on PS2, is completed on PC and Xbox and
approval is expected imminently.
May 2004, the Company reported that the recent
and unexpected softness in the games market, particularly
in the US, was negatively impacting unit sales
of Hitman: Contracts even thought it was charting
well in Europe and the US (and continues to do
so.) Since that time, this market trend has not
reversed and the industry is about to enter the
traditionally quieter summer period for game sales.
Given these circumstances, and notwithstanding
that the game is now ready to release, the Board
has decided to hold the release of ShellShock:
Nam '67 until September to as to provide this
important new franchise with a better opportunity
to deliver its true potential.
expected contribution from this rescheduled title
will fall into the financial year 30 June 2005
and consequently the Company now expects to report
a breakeven to small loss for the financial year
to 30 June 2004."