Diageo reaffirms medium term guidance ahead of Investor Conference in London
Diageo will hold an Investor Conference in London beginning with an evening reception on 8 May 2017, followed by a full day of presentations on 9 May.
Presentations will cover execution of our strategy and our three priority areas of US Spirits, Scotch and India. We will also review the opportunity in Africa, how we are using improved data, insight and measurement to grow our brands, and how our progress on productivity will enable us to reduce costs, enhance margins and increase investment in our brands to deliver stronger more consistent value to shareholders.
Ivan Menezes, Chief Executive will say:
"The year has continued well and our expectation of delivering stronger financial performance this year is unchanged. We remain confident of achieving our medium term objective of consistent mid-single digit organic top line growth and 100bps of organic operating margin in the three years ending fiscal 2019. With the consumer at the heart of the business, improved insight and measurement has supported better brand building and innovation while ensuring we stay ahead of emerging consumer trends. Our everyday focus on efficiency enables us to invest more behind the growth of our brands. I am pleased with the continued progress in more disciplined execution and the improved agility we have across Diageo."