Diageo’s spirits sales here were up 14% net driven by a strong performance from Gordon’s and Tanqueray.
Reported global net sales/turnover at Diageo plc was up by just under 1% to £12.2 billion from £12.1 billion the previous year while operating profit jumped 3.7% to £3.7 billion as organic growth, at 7.6%, was partially offset by adverse exchange rates.
While reported volumes were down by 0.7%, organic volumes showed growth of 2.5%, reports the company.
All regions contributed to the broad-based organic growth, with organic net sales up 5.0% and organic volume up 2.5%. Organic operating profit was up 7.6%.
The Board also approved a share buyback programme to return up to £2.0 billion to shareholders during the year to the 30th June 2019.