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Diageo Not Expecting A ‘Material Impact’ From Brexit

Published on Jan 31 2019 9:00 AM in Drinks tagged: Trending Posts / Diageo / Drinks / Results / Brexit / Paywall

Diageo Not Expecting A ‘Material Impact’ From Brexit

Drinks firm Diageo has said that it is not expecting a ‘material financial impact’ from Brexit on its business, adding that it believes its ‘finished case goods will continue to trade tariff free’, regardless of the nature of the UK’s exit from the EU.

The firm made the claim as it posted reported net sales growth of 5.8% in the first half of its financial year, of £6.9 billion (€7.8 billion), with reported operating profit up 11%.

The drinks group said that all regions contributed to growth in the period, to 31 December 2018, with organic volumes up 3.5% across the group.

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