Breaking News on Beverage Technology & Markets

News in brief

Diageo reports mixed full year results

26-Aug-2010

Related topics: Financial

Diageo has reported 2 per cent organic net sales growth for the full year as emerging markets compensated for weakness in Europe and North America.

Group sales for the year ending June 30 were £9,780m and operating profit was £2,574m - up 2 per cent on the previous year. Diageo said cost reduction programmes helped offset a 14 per cent organic increase in marketing spending in the second half of the year.

Commenting on the results, Paul Walsh, chief executive of Diageo, said: “Our performance was much stronger in the second half than in the first: our performance in the developing markets drove overall growth while markets in North America and Europe remained weak.”

Copyright - Unless otherwise stated all contents of this web site are © 2012 - William Reed Business Media SAS - All Rights Reserved - For permission to reproduce any contents of this web site, please email our Syndication department copyright@wrbm.com - Full details for the use of materials on this site can be found in the Terms & Conditions

© 2012 - William Reed Business Media SAS - All rights reserved.