Diageo (DGE LN, HOLD, T/P 2250p) announced FY2017 revenue of £12.1bn, which was a touch above Bloomberg consensus £12.0bn but bang in line our own view. Organic sales grew 1.1% and like for like operating profit rose 5.6%, ahead of top line growth. This was driven partly by productivity gains. Diluted adjusted EPS was 105p (FY2016: 89p), in line with both Whitman Howard and consensus.
27 Jul 2017
Consistent Prelims across the board
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Consistent Prelims across the board
Diageo plc (DGE:LON) | 2,844 1265.4 1.6% | Mkt Cap: 63,277m
- Published:
27 Jul 2017 -
Author:
Chris Wickham -
Pages:
4
Diageo (DGE LN, HOLD, T/P 2250p) announced FY2017 revenue of £12.1bn, which was a touch above Bloomberg consensus £12.0bn but bang in line our own view. Organic sales grew 1.1% and like for like operating profit rose 5.6%, ahead of top line growth. This was driven partly by productivity gains. Diluted adjusted EPS was 105p (FY2016: 89p), in line with both Whitman Howard and consensus.