UKFEX - Promoting UK Food Exports


Links  |   Search   |   Contact Us     




UK Food Exports
Your exports, our buyers.


Drinks giant Diageo is celebrating a 9% rise in operating profits and a 7% increase in global sales thanks to a strong performance in the Far East and a string of new acquisitions.

Sales were up from ?7.48bn last year to a new mark of ?8.09bn, while sales volumes increased by around 3%.

Operating profits rose to ?2.3bn at the Guinness brewer, up from 2007's figure of ?2.12bn.

The company's international arm was behind much of the growth, with sales up 16% and volume up 5% to outperform its European and North American divisions, which respectively saw sales inch up by 3% and 5%.

Smirnoff and Johnnie Walker were among the leading brands for the company, respectively boosting sales volumes by 8% and 5%.

"The combination of Diageo's leading brands and our global reach has delivered another year of strong organic growth with net sales up 7% and operating profit up 9%," said chief executive Paul Walsh.

"Price rises and mix improvement covered increased input costs and gross margin has improved. We have benefited from marketing spend efficiencies and scale in our global brands and we have reduced marketing spend in ready-to-drink to maintain the profitability of that segment. Overall we have delivered a further 70 basis points organic improvement in operating margin."

He added: "During the year we added Ketel One vodka, Zacapa rum and Rosenblum Cellars wine to our brand range. These are already successful brands and we intend to build on that success."

XML Site Map   |   Terms & Conditions   |   Privacy Policy   |   Site Map

Design & technology by UK Food Exports © 2008-2014