Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Manchester United PLC    MANU   KYG5784H1065

MANCHESTER UNITED PLC (MANU)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Manchester United : FA Cup finalists Manchester United to meet financial goals

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/17/2018 | 05:09pm CEST
FILE PHOTO: Premier League - Manchester United vs Watford

(Reuters) - Manchester United remain on course to hit their main financial targets for 2017-18 despite being upstaged by local rivals Manchester City in the Premier League.

United, whose leading players include David de Gea, Paul Pogba and Romelu Lukaku, finished second in the 20-team English Premier League on Sunday behind City.

United could end the season with another trophy if they beat Chelsea in the FA Cup final at Wembley on Saturday.

The club, controlled by the American Glazer family, is targeting between 575-585 million pounds of revenue and adjusted core earnings (EBITDA) of between 175-185 million pounds for the year to the end of June.

Injecting a note of caution, Chief Financial Officer Cliff Baty told analysts the EBITDA figure was likely to come in towards the lower end of the range.

United failed to progress beyond the last 16 of the Champions League after defeat by Spain's Sevilla in March, ending their run in the lucrative European competition.

United shares, which are listed in New York, slid 4.7 percent to $20.10 by 1435 GMT. They floated at a price of $14 almost six years ago.

Executive Vice Chairman Ed Woodward said talk of the creation of a 24-team Club World Cup tournament illustrated the importance of the game to broadcasters.

"We believe live sports content will become increasingly more valuable in the future," Woodward told analysts.

United have won the English league title a record 20 times but their performance has slipped in the recent seasons. However, finishing second in the English Premier League is enough to guarantee a place in next season's Champions League.

United actually took a slightly larger share of Premier League income than City based on having more of their matches shown live.

The club's adjusted earnings before interest, tax and depreciation and amortisation for the three months to March 31 rose to 36.1 million pounds from 30 million pounds a year ago.

Revenue for the period rose 8.1 percent to 137.5 million pounds.

(Reporting by Rahul B in Bengaluru; Editing by Keith Weir)

By Rahul B

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MANCHESTER UNITED PLC
11:33aMANCHESTER UNITED : Pep Guardiola plots £100m bid to bring Chelsea's Eden Hazard..
AQ
10:46aCOURTOIS : Chelsea need to spend despite Cup win
AQ
10:45aMANCHESTER UNITED : McClair put Scotland on Red alert to McTominay
AQ
09:35aCHELSEA 1-0 MANCHESTER UNITED : 2018 FA Cup final – as it happened
AQ
09:20aMANCHESTER UNITED : Nemanja Matic says Man United need to recruit experience thi..
AQ
07:11aMATIC : United under huge pressure next term
AQ
06:57aMANCHESTER UNITED : Blues cloud despite FA Cup victory
AQ
04:28aMANCHESTER UNITED : Man City chairman expects more under ‘relentless&rsquo..
AQ
03:39aMANCHESTER UNITED : Weston McKennie, Tim Weah lead U.S. national team roster for..
AQ
02:44aMANCHESTER UNITED : Goalkeeper Thibaut Courtois urges Chelsea to spend big for n..
AQ
More news
News from SeekingAlpha
05/17Manchester United's Stock Is Overstretched 
05/17Manchester United (MANU) Q3 2018 Results - Earnings Call Transcript 
05/17Manchester United updates guidance 
05/17Manchester United reports Q3 results 
05/16Notable earnings before Thursday?s open 
Financials ( GBP)
Sales 2018 588 M
EBIT 2018 46,1 M
Net income 2018 -26,0 M
Debt 2018 162 M
Yield 2018 1,01%
P/E ratio 2018 -
P/E ratio 2019 136,65
EV / Sales 2018 4,50x
EV / Sales 2019 4,13x
Capitalization 2 487 M
Chart MANCHESTER UNITED PLC
Duration : Period :
Manchester United PLC Technical Analysis Chart | MANU | KYG5784H1065 | 4-Traders
Technical analysis trends MANCHESTER UNITED PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 16,6  GBP
Spread / Average Target 8,1%
EPS Revisions
Managers
NameTitle
Richard Arnold Group Managing Director & Director
Joel Glazer Executive Co-Chairman
Avram A. Glazer Executive Co-Chairman
Cliff Baty Chief Financial Officer
Edward Woodward Executive Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
MANCHESTER UNITED PLC4.55%3 337
TUI16.66%14 300
MERLIN ENTERTAINMENTS2.34%5 099
CINEWORLD GROUP PLC1.36%5 006
MAKEMYTRIP LIMITED16.92%3 035
THOMAS COOK GROUP4.88%2 877