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MarketScreener Homepage  >  Equities  >  Irish Stock Exchange  >  Paddy Power Betfair PLC    PAP   IE00BWT6H894

PADDY POWER BETFAIR PLC (PAP)
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Paddy Power Betfair CEO sees successor in place in six to 12 months

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08/08/2017 | 09:53am CEST

DUBLIN (Reuters) - Paddy Power Betfair's (>> Paddy Power Betfair PLC) new chief executive Peter Jackson will take up the role within the next six to 12 months, the gambling firm's outgoing CEO said on Tuesday.

DUBLIN (Reuters) - Paddy Power Betfair's (>> Paddy Power Betfair PLC) new chief executive Peter Jackson will take up the role within the next six to 12 months, the gambling firm's outgoing CEO said on Tuesday.

Breon Corcoran announced his plans to step down on Monday, 18 months after completing the merger of Irish bookmaker Paddy Power with Britain's Betfair. News of his planned departure sent the company's share price sharply lower.

Paddy Power Betfair said Jackson's start date would be confirmed in due course. Jackson is CEO of the UK arm of global payments business WorldPay Group (>> Worldpay Group), which is currently negotiating its own possible sale to U.S. peer Vantiv (>> Vantiv Inc).

"They recognise we both have 12 months notice periods and they're in the middle of the deal. Peter's coming here, we all hope it will be sooner but equally it will be within six to 12 months," Corcoran told Reuters in a telephone interview.

(Reporting by Padraic Halpin; Editing by Susan Fenton)

Stocks treated in this article : Paddy Power Betfair PLC, Vantiv Inc, Worldpay Group
Stocks mentioned in the article
ChangeLast1st jan.
PADDY POWER BETFAIR PLC -0.07% 75.5 End-of-day quote.-24.08%
WORLDPAY GROUP 0.00%-End-of-day quote.2.21%
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Financials (€)
Sales 2017 1 923 M
EBIT 2017 394 M
Net income 2017 253 M
Finance 2017 215 M
Yield 2017 2,82%
P/E ratio 2017 29,49
P/E ratio 2018 19,99
EV / Sales 2017 3,12x
EV / Sales 2018 2,78x
Capitalization 6 206 M
Chart PADDY POWER BETFAIR PLC
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Paddy Power Betfair PLC Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
 
Mean consensus UNDERPERFORM
Number of Analysts 1
Average target price 101 €
Spread / Average Target 33%
EPS Revisions
Managers
NameTitle
Jeremy Peter Jackson Chief Executive Officer & Director
Gary W. McGann Non-Executive Chairman
Alexander Gersh Chief Financial Officer & Executive Director
Ian Dyson Senior Independent Non-Executive Director
Zillah Ellen Byng-Thorne Independent Non-Executive Director
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