[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Diageo Plc LSE:DGE London Ordinary Share GB0002374006 ORD 28 101/108P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  30.00 0.84% 3,600.50 3,594.50 3,596.00 3,628.00 3,565.00 3,598.00 2,592,977 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Beverages 19,153.0 3,706.0 113.8 31.6 84,213

Diageo PLC Supply review and revised segmental information

11/03/2013 7:00am

UK Regulatory (RNS & others)


Diageo (LSE:DGE)
Historical Stock Chart


From Aug 2016 to Aug 2021

Click Here for more Diageo Charts.

TIDMDGE

RNS Number : 6626Z

Diageo PLC

11 March 2013

Revised segmental information

11 March 2013

Diageo announces review of Global Supply operations and issues revised segmental information for prior reporting periods

Diageo has today announced that its Global Supply and Procurement operation will be refocused to enhance alignment between Global Supply and Diageo's 21 key markets. Responsibility for local operations will be transferred to the markets and regional structures will be reduced. The Global supply organisation will continue to be responsible for ensuring excellence across all operations. This change follows the reshaping of the in-market organisations through the implementation of the 2011 operating model review and is a consequence of Diageo's increasing presence in new faster growth markets.

Further work will be required to establish the exact nature of the reorganisation to be made. However an initial review has already established that efficiency-driven cost savings can be delivered which together with savings from footprint changes and cost reductions in respect of the regional supply organisations are expected to amount to approximately GBP60 million per annum. These savings are expected to be achieved in 3 years. Costs associated with the restructuring are estimated to be approximately GBP100 million.

Changes to reporting regional structure

As announced on 9 November 2012, Diageo has made changes to management responsibilities that have led to a change in the reporting for geographic segments. Due to these changes, results for the year ending 30 June 2013 will be reported using the following geographical segments:

   --      North America 
   --      Western Europe 
   --      Africa, Eastern Europe and Turkey 
   --      Latin America and Caribbean 
   --      Asia Pacific 
   --      Corporate 

As a consequence of these changes the figures for the geographical segments for prior periods have been restated.

Revised segmental information for the years ended 30 June 2012 and 30 June 2011 and the six month period ended 31 December 2012 and 31 December 2011 are provided below.

In addition, organic growth percentages by geographic segment have been restated for the year ended 30 June 2012 and the six month period ended 31 December 2012.

Volume

 
                                        Year ended 30 June                   Year ended 30 June 
                                               2012                                 2011 
                               -----------------------------------  ----------------------------------- 
                                       As                                   As 
                                 reported     Reclass     Restated    reported     Reclass     Restated 
                                    units       units        units       units       units        units 
                                  million     million      million     million     million      million 
 North America                       53.0           -         53.0        52.3           -         52.3 
 Europe                              45.2      (45.2)            -        40.5      (40.5)            - 
 Western Europe                         -        34.7         34.7           -        35.6         35.6 
 Africa                              24.9      (24.9)            -        23.1      (23.1)            - 
 Africa, Eastern Europe 
  and Turkey                            -        35.4         35.4           -        28.0         28.0 
 Latin America and Caribbean         17.2           -         17.2        15.7           -         15.7 
 Asia Pacific                        16.2           -         16.2        15.9           -         15.9 
                                    156.5           -        156.5       147.5           -        147.5 
 
 
                                       Six months ended 31                  Six months ended 31 
                                             Dec 2012                             Dec 2011 
                               -----------------------------------  ----------------------------------- 
                                       As                                   As 
                                 reported     Reclass     Restated    reported     Reclass     Restated 
                                    units       units        units       units       units        units 
                                  million     million      million     million     million      million 
 North America                       28.6           -         28.6        28.3           -         28.3 
 Europe                              24.9      (24.9)            -        24.8      (24.8)            - 
 Western Europe                         -        18.3         18.3           -        19.2         19.2 
 Africa                              13.7      (13.7)            -        12.9      (12.9)            - 
 Africa, Eastern Europe 
  and Turkey                            -        20.3         20.3           -        18.5         18.5 
 Latin America and Caribbean         12.8           -         12.8         9.5           -          9.5 
 Asia Pacific                         8.8           -          8.8         8.6           -          8.6 
                                     88.8           -         88.8        84.1           -         84.1 
 

Sales

 
                                        Year ended 30 June                             Year ended 30 June 
                                               2012                                           2011 
                          ---------------------------------------------  --------------------------------------------- 
                                     As                                             As 
                               reported         Reclass        Restated       reported         Reclass        Restated 
                            GBP million     GBP million     GBP million    GBP million     GBP million     GBP million 
 North America                    4,094               -           4,094          3,895               -           3,895 
 Europe                           4,966         (4,966)               -          4,279         (4,279)               - 
 Western Europe                       -           3,834           3,834              -           3,918           3,918 
 Africa                           1,869         (1,869)               -          1,764         (1,764)               - 
 Africa, Eastern Europe 
  and Turkey                          -           3,001           3,001              -           2,125           2,125 
 Latin America and 
  Caribbean                       1,491               -           1,491          1,293               -           1,293 
 Asia Pacific                     2,104               -           2,104          1,931               -           1,931 
 Corporate                           70               -              70             70               -              70 
                                 14,594               -          14,594         13,232               -          13,232 
 
 
                                       Six months ended 31                            Six months ended 31 
                                             Dec 2012                                       Dec 2011 
                          ---------------------------------------------  --------------------------------------------- 
                                     As                                             As 
                               reported         Reclass        Restated       reported         Reclass        Restated 
                            GBP million     GBP million     GBP million    GBP million     GBP million     GBP million 
 North America                    2,223               -           2,223          2,162               -           2,162 
 Europe                           2,735         (2,735)               -          2,699         (2,699)               - 
 Western Europe                       -           1,985           1,985              -           2,137           2,137 
 Africa                           1,043         (1,043)               -            950           (950)               - 
 Africa, Eastern Europe 
  and Turkey                          -           1,793           1,793              -           1,512           1,512 
 Latin America and 
  Caribbean                         967               -             967            843               -             843 
 Asia Pacific                     1,225               -           1,225          1,132               -           1,132 
 Corporate                           42               -              42             39               -              39 
                                  8,235               -           8,235          7,825               -           7,825 
 

Net sales

 
                                        Year ended 30 June                             Year ended 30 June 
                                               2012                                           2011 
                          ---------------------------------------------  --------------------------------------------- 
                                     As                                             As 
                               reported         Reclass        Restated       reported         Reclass        Restated 
                            GBP million     GBP million     GBP million    GBP million     GBP million     GBP million 
 North America                    3,556               -           3,556          3,366               -           3,366 
 Europe                           2,949         (2,949)               -          2,703         (2,703)               - 
 Western Europe                       -           2,345           2,345              -           2,433           2,433 
 Africa                           1,447         (1,447)               -          1,357         (1,357)               - 

1 Year Diageo Chart

1 Year Diageo Chart

1 Month Diageo Chart

1 Month Diageo Chart
ADVFN Advertorial
Your Recent History
LSE
DGE
Diageo
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210803 05:27:24