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How did Diageo perform in fiscal-2019? - results data

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  • Full-year sales rise 6.1% to GBP12.87bn (US$16.05bn)
  • Volumes lift 2.3%
  • All reporting regions in growth - LatAm, Asia Pacific +9%

Diageo has reported a slight slowing of growth rate in the second half of its fiscal full-year, with sales in the 12-month period increasing by just over 6%.

The results, announced today, follow the 7.5% top-line increase posted for the first six months of the year to the end of June. The 6.1% lift for the year came on a 2.3% rise in volumes.

Diageo Fiscal-2019 - Sales versus 2018 - Reported

Source: Company results

On a regional basis, all five of the group's reporting units posted rises: Asia Pacific and Latin America & Caribbean led the way, with both regions up 9% in value terms. Africa increased sales by 7% while North America, home to Diageo's flagship US market, climbed 5%. Europe & Turkey, meanwhile, rose 4% in the year.

The company's US spirits sales were up 5% on a 2% volumes increase.

Diageo Fiscal-2019 - Sales by Region - Reported

North AmericaEurope & TurkeyAfricaLatin America & CaribbeanAsia PacificTotal
20184116293214911069250312163
20194460293915971130268812867

Source: Company results

123

CEO Ivan Menezes

"Diageo has delivered another year of strong performance. Organic volume and net sales growth was broad-based across regions and categories, with new product innovation being a strong contributor. We ... increased investment behind our brands ahead of organic net sales growth.

"Fiscal-19 has been another year of strong free cash flow delivery at GBP2.6bn and we have returned GBP2.8 billion to shareholders via share buybacks. The Board has approved plans for an additional return to shareholders of up to £4.5 billion over Fiscal 20 to Fiscal 22.

Our focus on quality sustainable growth is backed by a culture of everyday efficiency that enables us to invest smartly in marketing and growth initiatives while expanding margins.

These results reflect the steady progress we are making and as we look ahead we see attractive opportunities to deliver consistent growth and create shareholder value. In the medium term I expect Diageo to maintain organic net sales growth in the mid-single digit range and to grow organic operating profit ahead of net sales in the range of 5%-7%."


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