Get the app today! Download iPhone App Download Android App

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.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email