AUSTRALIA: UDV Australia to triple profits in five years

By Tony Baker | 11 September 2001

Guinness UDV Australia, a subsidiary of the global drinks giant Diageo, plans to triple profits in less than five years and says it has an open mind about wine acquisitions.

The Australian company's brands, which include Guinness, Johnny Walker whisky and Smirnoff vodka, boosted profits by 32% to A$4.1m ($2.1m), outpacing the group's worldwide drinks profit increase of 14%.

Australian managing director John Pollaers said the target was aggressive but achievable. It most successful product is the local brand Bundaberg rum on the back of Australian Rugby Union sponsorship.

Companies: Diageo

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AUSTRALIA: UDV Australia to triple profits in five years

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