Liquor producer Diageo continues to put in a strong performance

Investors still dissatisfied

26-Jul-2019 - United Kingdom

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Diageo, the world's largest distiller of schnapps, benefited in the past fiscal year above all from good business in Asia. But the British were also able to gain ground in most other regions. Business stagnated only in Europe and Turkey. Group-wide sales increased by six percent to 12.9 billion pounds (14.5 billion euros), the Stoxx 50 listed company announced in London on Thursday. The surplus increased by five per cent to 3.2 billion pounds.

Experts had expected a slightly better result.

The manufacturer of brands such as Baileys, Smirnoff, Tanqueray and the Irish beer Guinness also announced a further share buyback worth billions. Investors were nevertheless disappointed. The share recently lost a good two per cent to 3278 pence - further moving the share away from the record high of 3500.50 pence/zb/men/mis (dpa) reached at the beginning of July.

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

https://www.yumda.com/en/news/1162118/liquor-producer-diageo-continues-to-put-in-a-strong-performance.html