Member Since 23 November 2015
Last Seen: 20 Jan '18

MaxMarioni's Insights

Relating to DGE.L

Topics: beverages, Food
Other Insights on Related Shares: DGE.L
Related Shares: Diageo Plc Share Price

Diageo, the drinks manufacturing and distribution giant, has posted interim first-half results which has underwhelmed commentators. The volume of sales has slipped by 3%, from 134 million to 130 million reported sales worldwide, while net sales have decreased by 5% from £5,900 million to £5,606 million. This has resulted in a 7% drop in reported profits before exceptional items from £1,839 million to £1,717 million, and in a parallel decrease of 3% of operating profits from £1,668 million to £1,613 million. The company has reported 1.8% organic net sales growth, a 2.4% organic (before earnings and tax) operating profit growth: the impact to bottom line figures is mostly due to adverse exchange rates and the impact of the disposal of non core assets. Free cash flow has grown by £0.8 billion, reaching £140 million. Earnings per share have risen by 7% to 56.1. The interim dividend has also been increased by 5% and now stands at22.6 pence per share. (Read more)

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