Diageo : North America cushions the organic decline in H2. Reported EBIT heavily affected by impairments (mainly in India)
>Recap on FY 2019-20 results - Diageo yesterday morning reported its earnings for H2 and FY 2019-20. H2 sales came to £ 4,552m, 1.7% below consensus forecasts, bringing full-year sales to £ 11,752m. The group recorded an organic decline in sales of 8.2% over the full year with -22.6% in H2 (compared with -10.5% for Campari and around -28e% for Rémy Cointreau in the same half). The price mix effect is positive (+2.8% in the full year) thanks to the outperformance of No...Diageo is a premium drinks business based in the United Kingdom. Co. is engaged in producing and distributing spirits, beer and wine. Co.'s operations include producing, distilling, brewing, bottling, packaging, distributing, developing and marketing of a range of brands. The brands that it produces and distributes include Smirnoff vodka, Johnnie Walker scotch whisky, Baileys Original Irish Cream liqueur, Captain Morgan rum, J&B scotch whisky, Tanqueray gin and Guinness stout. In addition, Co. also has the distribution rights for the Jose Cuervo tequila brands in North America and other countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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