Paul Walsh, CEO of Diageo, said: “This has been a very challenging year. Overall, however, our results demonstrate the resilience of our business. Our brand range and our geographic reach enabled us to deliver 4% organic operating profit growth and 10% eps growth. While the economic downturn has affected all markets, the response of customers and consumers hasn’t been uniform and therefore the impact on our business has been varied.
“While the global economy appears to be stabilising, there is still uncertainty as to the sustainability and pace of any recovery, and F10 will be challenging, as we lap a strong first quarter and a reasonable first half performance this year. That being recognised, we expect to deliver low single-digit organic operating profit growth in fiscal 2010.”
Source: Diageo
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