Diageo PLC Diageo issues trading commentary ahead of AGM 2022 (9438B)
06 Oktober 2022 - 8:00AM
UK Regulatory
TIDMDGE
RNS Number : 9438B
Diageo PLC
06 October 2022
Diageo issues trading commentary ahead of AGM 2022
Ivan Menezes, Chief Executive, commented:
"We have made a good start to fiscal 23, with organic net sales
growth across all regions, reflecting our advantaged portfolio, our
continued investment in brand building and our agile supply chain
and culture. I would like to thank my colleagues for their
continued creativity and drive.
We expect the operating environment to remain challenging with
ongoing volatility due to geopolitical uncertainty, a weakening of
consumer spending power, inflationary pressures and disruption
related to Covid-19. However, I am confident in the resilience of
our business and our ability to navigate these headwinds while
executing our strategic priorities, including our ambitious 2030
sustainability plan.
We remain well-positioned to deliver our medium-term guidance
for fiscal 23 to fiscal 25 of organic net sales growth consistently
in the range of 5% to 7% and organic operating profit growth
sustainably in the range of 6% to 9%."
For further information please contact:
Investor relations
:
Durga Doraisamy +44 (0) 7902 126 906
Lucinda Baker +44 (0) 7974 375 550
Andy Ryan +44 (0) 7803 854 842
investor.relations@diageo.com
Media relations
:
Dominic Redfearn +44 (0) 7971 977 759
Gina Bell +44 (0) 7731 988 857
press@diageo.com
About Diageo
Diageo is a global leader in beverage alcohol with an
outstanding collection of brands including Johnnie Walker, Crown
Royal, J B and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One
vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and
Guinness.
Diageo is a global company whose 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).
For more information about Diageo, our people, our brands, and
performance, visit us at www.diageo.com. Visit Diageo's global
responsible drinking resource, www.DRINKiQ.com, for information,
initiatives and ways to share best practice.
Celebrating life, every day, everywhere.
Cautionary statement concerning forward-looking statements
This document contains 'forward-looking' statements. These
statements can be identified by the fact that they do not relate
only to historical or current facts. In particular, forward-looking
statements include all statements that express forecasts,
expectations, plans, outlook, objectives and projections with
respect to future matters, including trends in results of
operations, margins, growth rates, overall market trends, the
impact of changes in interest or exchange rates, the availability
or cost of financing to Diageo, anticipated cost savings or
synergies, expected investments, the completion of any strategic
transactions or restructuring programmes, anticipated tax rates,
changes in the international tax environment, expected cash
payments, outcomes of litigation or regulatory enquiries,
anticipated changes in the value of assets and liabilities related
to pension schemes and general economic conditions. By their
nature, forward-looking statements involve risk and uncertainty
because they relate to events and depend on circumstances that will
occur in the future. There are a number of factors that could cause
actual results and developments to differ materially from those
expressed or implied by these forward-looking statements, including
factors that are outside Diageo's control. Any forward-looking
statements made by or on behalf of Diageo speak only as of the date
they are made. Diageo does not undertake to update forward-looking
statements to reflect any changes in Diageo's expectations with
regard thereto or any changes in events, conditions or
circumstances on which any such statement is based.
An explanation of non-GAAP measures, including organic
movements, is set out on page 76 of Diageo's Annual Report for the
year ended 30 June 2022.
Diageo plc LEI: 213800ZVIELEA55JMJ32
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