Eidos plc Trading Update: Stronger Than Expected Levels of Sell Through Across All Territories
January 19, 1999 09:30 AM
LONDON, Jan. 19 /PRNewswire/ -- Eidos plc EIDSY , Europe's largest publisher and developer of entertainment software, today announced that its results for the quarter ended December 31, 1998 will be released on February 25, 1999.
Preliminary estimates for the quarter are that total units shipped across all titles were in excess of 6 million, after making a provision for returns. This is significantly above the Company's expectations and reflects stronger than expected levels of sell through across all territories. Titles released in the quarter were: Ninja, Tomb Raider 3, Michael Owen's World League Soccer, The Unholy War, Links 99, Gangsters and Thief: The Dark Project.
Although it is too early to forecast results for the year-end March 31, 1999, the Board currently expects that the results will show a level of profit before goodwill substantially in excess of current market expectations.
Eidos plc is Europe's largest publisher and developer of entertainment software. The Company develops and distributes a diverse mix of titles for the Sony PlayStation and multimedia PC markets in the US, England and Europe. The company's shares are traded on the Nasdaq Stock Market under the symbol EIDSY.
Certain statements contained in this press release may be deemed forward- looking that involve a number of risks and uncertainties. The Company's actual results may differ materially from the expectations expressed in such forward looking statements. Among the factors that could cause actual results to differ materially are world-wide business and industry conditions, including consumer buying and retailer ordering patterns, products delays, changes in research and development spending, company consumer relations, in particular, levels of sales to mass merchants, retail acceptance of the company's published and third-party titles, competitive conditions and other risks detailed, from time to time, in the company's SEC filings, including, but not limited to, the Company's form 20-F for the year ended March 31, 1998.
SOURCE Eidos plc
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