Diageo PLC Update Ahead of Capital Markets Day (8539Z)
22 Mai 2019 - 1:00PM
UK Regulatory
TIDMDGE
RNS Number : 8539Z
Diageo PLC
22 May 2019
22 May 2019
CONSISTENT EXECUTION OF STRATEGY TO DRIVE SUSTAINABLE FUTURE
GROWTH
Today, at an Investor Conference in New York, Diageo will
outline the evolution of its strategy and how the company expects
to deliver consistent, sustainable growth over the medium term.
Presentations will bring to life: how US Spirits can deliver
sustainable performance supported by data-led insight; how the
scotch strategy is focused on winning in international whisky; the
progress being made to reshape the business in India; the beer
strategy and the way in which the iconic Guinness brand is
positioned to capture growth; and the evolution of the company's
marketing model, which delivers creativity and executional
excellence underpinned by increasingly robust consumer data and
analytics.
Ivan Menezes, Chief Executive, will say:
"Diageo has delivered strong performance over the past two years
with consistent mid-single digit organic top line growth;
upweighted investment in our brands; as well as organic operating
margin expansion and strong cash flows. During the same period we
have generated attractive total shareholder returns and, from
fiscal 17 to fiscal 19 H1, have returned GBP7bn to shareholders via
dividends and share buy-backs.
As we approach the end of our financial year, we are reiterating
our current guidance of delivering organic net sales growth towards
the upper end of our mid-single digit range and 175bps organic
operating margin improvement over the three years ending 30 June
2019.
We operate in an attractive industry supported by strong
consumer fundamentals. Our strategy remains focussed on delivering
sustainable, consistent growth. A culture of everyday efficiency
has been embedded in the business and we are constantly challenging
ourselves for more. Our ongoing focus on efficiency enables us to
continue to increase investment in our brands. It will also support
other growth initiatives and underpin organic operating margin
improvement, creating a self-sustaining platform for growth.
As we look ahead to the end of fiscal 22, I expect Diageo to
maintain organic net sales growth in the mid-single digit range and
to grow organic operating profit ahead of net sales in the range of
5% to 7%."
For further information please contact:
Investor Relations
Andrew Ryan +44 (0) 7803 854842
Harriet Radcliffe +44 (0) 7590 810142
investor.relations@diageo.com
Media Relations
Jessica Rouleau +44 (0) 7925 642561
Greg Dawson +44 (0) 7568 131101
press@diageo.com
About Diageo
Diageo is a global leader in beverage alcohol with an
outstanding collection of brands across spirits and beer
categories. These brands include Johnnie Walker, Crown Royal, J B,
Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One
vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and
Guinness.
Diageo is a global company, and our products are sold in more
than 180 countries around the world. The company is listed on both
the London Stock Exchange (DGE) and the New York Stock Exchange
(DEO).
Celebrating life, every day, everywhere.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDGCGDUDXDBGCD
(END) Dow Jones Newswires
May 22, 2019 07:00 ET (11:00 GMT)
Diageo (LSE:DGE)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Diageo (LSE:DGE)
Historical Stock Chart
Von Jul 2023 bis Jul 2024