Report
Fatma Agnès Hamdani

Diageo : Significant margin impact expected and emerging markets still challenging

>North America: the most resilient sales but margins under pressure - Following a contact with the company, we understand that North America has been the most resilient region since the start of the health crisis, which is in line with the recent positive comments concerning the US (see our flash of 2 June 2020). But the group remains cautious, as it believes that the solid figures published by some trade bodies do not reflect the US market as a whole. Looking beyond ...
Underlying
Diageo plc

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fatma Agnès Hamdani

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