Infogrames Nearly Doubles Turnover

Infogrames Entertainment today announced it has increased its third quarter turnover for 1999/2000 by 125% (from $52.7 million for the same quarter of 1998/1999 to $118.7 million). Infogrames is benefiting from a multi-format, multi-platform global strategy, which has enabled the company to constantly better its results and to achieve its goals. These goals include doubling this year's turnover and achieving a turnover for the year 2000-2001 of close to $1 billion. Over the first nine months of 1999/2000, Infogrames' turnover grew to $383.2 million, up from 80% last year. GT Interactive, in which Infogrames acquired a majority stake last November, already represents half of the group's turnover for the third quarter of 1999/2000 and 30% for the first nine months of the year. In like comparison, turnover for Infogrames increased by 13% in the third quarter of 1999/2000 in comparison with the same period in 1998/1999 and by 26% for the first 9 months of the year in comparison with the first nine months of 1999/2000.