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Monday, 09 December 2019

Manchester United expects higher revenue, core earnings for 2019

Reuters, Tuesday 25 Sep 2018
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Soccer Football - FA Cup Final - Chelsea vs Manchester United - Wembley Stadium, London, Britain - May 19, 2018 Manchester United fan waves a flag before the match REUTERS
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English Premier League soccer club Manchester United forecast higher revenue and core earnings for 2019, even as the company reported lower results for the fourth quarter of 2018.

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for 2019 are expected to be between 175 million pounds and 190 million pounds, the 20-time English champions said.

Revenue for 2019 is expected to be between 615 million pounds and 630 million pounds, United said.

It reported adjusted EBITDA of 177.1 million pounds ($232.9 million) and revenue of 590 million pounds for 2017-18 on Tuesday.

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