Diageo released its preliminary FY results. Volumes were up 1.3% (cons. 1.5%, vs. 1% in H1). Sales grew organically by 2.8% (cons. +2.7%) with a better H2 (3.8%). Organic net sales by region in H2: North America +7.7%, Europe +4.2%, Africa +3.1%, LatAm -7%, and Asia Pacific +1.6%. On reported figures, sales were down 3% due to adverse FX (especially the Nigerian naira, the South African rand, the Venezuelan bolivar, the Brazilian real and the Turkish lira). The operating margin before excepti
28 Jul 2016
H2 accelerates on the back of North America and Europe; sees further top-line improvement in FY17.
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H2 accelerates on the back of North America and Europe; sees further top-line improvement in FY17.
Diageo plc (DGE:LON) | 2,836 382.8 0.5% | Mkt Cap: 63,093m
- Published:
28 Jul 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Diageo released its preliminary FY results. Volumes were up 1.3% (cons. 1.5%, vs. 1% in H1). Sales grew organically by 2.8% (cons. +2.7%) with a better H2 (3.8%). Organic net sales by region in H2: North America +7.7%, Europe +4.2%, Africa +3.1%, LatAm -7%, and Asia Pacific +1.6%. On reported figures, sales were down 3% due to adverse FX (especially the Nigerian naira, the South African rand, the Venezuelan bolivar, the Brazilian real and the Turkish lira). The operating margin before excepti