Rus News Journal

Diageo has reduced a gain in I financial quarter

Today, on October, 14th, newspaper The Wall Street Journal writes that British Diageo, the largest world manufacturer of alcoholic production, has reduced a gain following the results of July - September, 2009 to 6 %.
Thus Diageo has confirmed the favorable forecast of profit for current fiscal year.

analysts expected less essential decrease in gain Diageo - on 3 %. Last quarter company sales have fallen to 2 %. The company expected decrease in sales of alcohol in the first financial quarter from - for a reserved consumer demand against recession.

Diageo counts that organic growth of operational profit (cleared of transactions M &A and currency fluctuations) this financial year will make less than 5 %, next financial year growth will be slowed down even more as demand on premiumnyj alcohol will decrease.

Diageo has been created in 1997 as a result of merge of companies Guinness and GrandMet, its staff - apartment is in London. Company production is realised in 180 countries of the world, offices work in 80 countries. Diageo represents a collection of brands of strong alcoholic drinks, wine and beer, including Smirnoff, Johnnie Walker, Guinness, Baileys, Captain Morgan and others.

Interfax - Ukraine