Drinks giant and whisky monolith Diageo has announced its preliminary financial results until 30th June 2012. Diageo owns too many Scottish whisky brands to name but needless to say they include blends Johnnie Walker, J & B, White Horse etc. and single malt whisky brands such as Caol Ila, Talisker, Singleton, and Lagavulin amongst many others. Not satisfied with just Scottish Whisky they own Irish whiskey brands such as Bushmills and Crown Royal whiskey. However, whisky is only a part of this companies operation whisky and other spirits such as Smirnoff vodka, Baileys liqueur and Jose Cuervo tequila contribute just under ¾ of total sales with beer (led by Guinness) contributing 22 % and wine 6% of total turnover making Diageo the world’s largest drinks company.
Emerging markets have been the highlight of recent results with sales growing at 15% meaning they now almost amount to 40% of Diageo’s total sales. Diageo have also continued to spend with acquisitions in Brazil, Turkey and China and has announced an increased dividend to shareholders of 8%. Operating profit was up to £3.2bn. It wasn’t all good news however with sales in Europe declining to 4% with a 2% in the UK Diageo’s domestic market. The share price rose to £16.90 following the news.