Organic operating profit grew 12.3%, ahead of top line growth, "as cost inflation and higher marketing investment were more than offset by improved price/mix and efficiencies from our productivity programme", Diageo said in a statement.
Crown Royal saw net sales grow 4% on an organic basis in the first half, led by Regal Apple and the limited edition Salted Caramel expression.
Ivan Menezes, CEO of Diageo said: "Diageo delivered broad-based volume and organic net sales growth across regions and categories". "This half has benefitted from some one-time and phasing gains in both organic net sales and operating profit, and therefore we continue to expect to deliver mid-single digit organic net sales growth for the year".
Net cash from operating activities stood at £1.6 billion, up £356 million, and free cash flow at £1.3 billion, up £317 million.
Interim dividend increased five per cent to 26.1 pence per share, and the company also announced a £660m share buyback, brining its total programme up to £3bn for the year ending 30 June.
The global drinks giant, which is Scotland's largest whisky producer, reported earnings of £2.4 billion for the half-year to 31 December, an 11 per cent rise year-on-year.
Diageo recently sold 19 lower-end brands including Seagrams VO Canadian whisky for $550 million, as it focuses on faster-growing products such as Johnnie Walker Scotch or Casamigos tequila, George Clooney's brand, which Diageo took over in 2017.
The results, for the six months to December 31, 2018, reflect a strong second half of the year, with a good performance from a number of Diageo's key brands.
"The gin category continues to boom in GB". Tanqueray and Gordon's remain firm favourites among consumers, with both brands delivering strong double-digit growth over the last six months. In December, Guinness was announced as the new title sponsor and official beer of The Six Nations from 2019, reinforcing the Guinness brand's position as one of rugby's biggest supporters. Diageo stated that all regions contributed to broad based organic net sales growth of 7.5%, with organic volume being up 3.5%. It also cemented its position as the UK's biggest spirits brand4.
Johnnie Walker's 10% increase was bolstered by the launch of the Game of Thrones-inspired White Walker bottling.
Crown Royal saw net sales grow 4% on an organic basis in the first half, led by Regal Apple and the limited edition Salted Caramel expression.
Ivan Menezes, CEO of Diageo said: "Diageo delivered broad-based volume and organic net sales growth across regions and categories". "This half has benefitted from some one-time and phasing gains in both organic net sales and operating profit, and therefore we continue to expect to deliver mid-single digit organic net sales growth for the year".
Net cash from operating activities stood at £1.6 billion, up £356 million, and free cash flow at £1.3 billion, up £317 million.
Interim dividend increased five per cent to 26.1 pence per share, and the company also announced a £660m share buyback, brining its total programme up to £3bn for the year ending 30 June.
The global drinks giant, which is Scotland's largest whisky producer, reported earnings of £2.4 billion for the half-year to 31 December, an 11 per cent rise year-on-year.
Diageo recently sold 19 lower-end brands including Seagrams VO Canadian whisky for $550 million, as it focuses on faster-growing products such as Johnnie Walker Scotch or Casamigos tequila, George Clooney's brand, which Diageo took over in 2017.
The results, for the six months to December 31, 2018, reflect a strong second half of the year, with a good performance from a number of Diageo's key brands.
"The gin category continues to boom in GB". Tanqueray and Gordon's remain firm favourites among consumers, with both brands delivering strong double-digit growth over the last six months. In December, Guinness was announced as the new title sponsor and official beer of The Six Nations from 2019, reinforcing the Guinness brand's position as one of rugby's biggest supporters. Diageo stated that all regions contributed to broad based organic net sales growth of 7.5%, with organic volume being up 3.5%. It also cemented its position as the UK's biggest spirits brand4.
Johnnie Walker's 10% increase was bolstered by the launch of the Game of Thrones-inspired White Walker bottling.
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