Business
Diageo Capital Markets Day
Diageo Capital Markets Day.
About this update from Diageo Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4590S\n Diageo PLC\n 16 November 2021\n \n \n \n \n Diageo Capital Markets Day\n \n \n Diageo outlines drivers of competitive advantage for sustainable long-term growth and provides medium-term guidance ahead of historical growth rates \n \n \n \n \n \n \n · \n \n \n \n New medium-term guidance: expecting organic net sales growth in a range of 5% to 7% and organic operating profit growth in a range of 6% to 9% for fiscal 23 to fiscal 25.\n \n \n \n \n \n · \n \n \n \n \n Introducing ambition to achieve a 50% increase in total beverage alcohol (TBA) market value share, from 4% in 2020,[1] to 6% by 2030.\n \n \n \n \n \n \n · \n \n \n \n \n Expecting strong organic net sales growth of at least 16% in the first half of fiscal 22 and organic operating profit growth ahead of organic net sales growth.\n \n \n \n \n \n \n Today, Diageo is hosting its biennial Capital Markets Day in London. Ivan Menezes, Chief Executive, and the executive leadership team will discuss how Diageo is successfully executing its strategy to deliver consistent, sustainable growth. The executive leadership team will highlight Diageo's competitive advantages and how its people and culture are delivering on its ambition to be one of the best performing, most trusted and respected consumer products companies in the world.\n \n Ivan Menezes, Chief Executive, Diageo:\n \n \"Since our last Capital Markets Day, we have continued to invest in our brands, sharpened our focus on accelerating growth and quickly responded to shifts in consumer behaviour. We have also launched 'Society 2030: Spirit of Progress', our ten-year sustainability action plan, building on our strong track record of doing business the right way, from grain to glass.\n \n Our culture of everyday efficiency is embedded in our business and we continue to challenge ourselves to achieve more. In fiscal 21, despite the challenges created by Covid-19, we delivered strong organic net sales growth, drove an improvement in organic operating margin and delivered strong cash flows, while continuing to invest in long-term sustainable growth.\n \n We believe our sales growth trajectory has accelerated, underpinned by the strength of our advantaged position across geographies, categories and price tiers. TBA is a large, growing and attractive sector of which ...