Ivan Menezes, Chief Executive, commented:
“Fiscal 20 has started well as we continue to build on the momentum and consistent progress we are making in the execution of our strategy. Our focus remains on delivering quality sustainable growth. This is supported by a culture of everyday efficiency that enables us to invest smartly in marketing and growth initiatives while expanding margins.
Based on the current environment, we continue to expect fiscal 20 organic net sales growth to be toward the mid-point of the 4% to 6% range and organic operating profit growing roughly one percentage point ahead of organic net sales. This is consistent with what we are targeting over the medium-term. Due to a strong prior year comparable, for the first half we expect organic operating profit growth to be in-line with or slightly behind organic net sales growth. However, Diageo would not be immune from significant changes to global trade policy and continue to monitor this closely.”
Diageo issues trading commentary ahead of 2019 AGM
- Written by: Amilia Stone
Latest Company News
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Diageo reported FY25 operating profit of $4.3bn, down 27.8%, impacted by exceptional costs and currency headwinds. Organic net sales rose 1.7%, while free cash flow increased to $2.7bn. The group raised its cost savings target to $625m and reaffirmed its outlook for mid-single-digit profit growth in FY26.
Diageo Plc's Q3 fiscal 2025 trading results showcase strong organic net sales growth and a solid outlook, highlighting effective strategies for future profitability.
Diageo Plc has announced a $1.5 billion bond offering, featuring fixed-rate notes due in 2030 and 2035, to support its corporate initiatives and growth.
Diageo Plc reports interim results with a 1% rise in organic net sales despite challenging conditions, highlighting strong regional market gains.
