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Announcing our 2019 Preliminary Results

Find out more about our 2019 Preliminary Results

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Ivan Menezes, Chief Executive, commenting on the results said:

“Diageo has delivered another year of strong performance. Organic volume and net sales growth was broad based across regions and categories, with new product innovation being a strong contributor. We expanded organic operating margin ahead of our guidance and increased investment behind our brands ahead of organic net sales growth.

Fiscal 19 has been another year of strong free cash flow delivery at £2.6 billion and we have returned £2.8 billion to shareholders via share buybacks. The Board has approved plans for an additional return to shareholders of up to £4.5 billion over Fiscal 20 to Fiscal 22.

Our focus on quality sustainable growth is backed by a culture of everyday efficiency that enables us to invest smartly in marketing and growth initiatives while expanding margins.

These results reflect the steady progress we are making and as we look ahead we see attractive opportunities to deliver consistent growth and create shareholder value. In the medium term I expect Diageo to maintain organic net sales growth in the mid-single digit range and to grow organic operating profit ahead of net sales in the range of 5%-7%.”

View our 2019 Preliminary Results  Documents:

2019 Preliminary Results press release

2019 Preliminary Results overview

2019 Preliminary Results Image Pack

2019 Preliminary Results webcast

2019 Preliminary Results presentation

2019 Preliminary Results presentation with script

2019 Preliminary Results Q&A transcript