Edition:
United Kingdom

Diageo Says Financial Expectations Unchanged, Announces Additional Buyback


Thursday, 26 Jul 2018 

July 26 (Reuters) - Diageo PLC ::FY UNDERLYING EPS ROSE 9.3 PERCENT TO 118.6 PENCE.TOTAL DIVIDEND 65.3 PENCEPER SHARE.FINANCIAL PERFORMANCE EXPECTATIONS ARE UNCHANGED.FY REPORTED NET SALES (£12.2 BILLION) AND OPERATING PROFIT (£3.7 BILLION) WERE UP 0.9% AND 3.7%.FY ORGANIC OPERATING PROFIT WAS UP 7.6%, IMPROVING ORGANIC OPERATING MARGINS BY 78 BASIS POINTS.TO INVEST IN BUSINESS TO DELIVER MID- TERM GUIDANCE OF CONSISTENT MID-SINGLE DIGIT ORGANIC NET SALES GROWTH FOR 3 YEARS ENDING 30 JUNE 2019.BOARD HAS APPROVED AN ADDITIONAL SHARE BUYBACK PROGRAMME OF UP TO £2.0 BILLION DURING F19..RECOMMENDED A FINAL DIVIDEND INCREASE OF 5%.