Drinks giant Diageo has seen operating profits jump by 9% to £4bn for the year to June 30.
The maker of Johnnie Walker Scotch whisky, Smirnoff vodka and Guinness reported growth across all its markets as it kept down costs.
The chief executive Ivan Menezes has been speaking to BBC Radio 4’s Today Programme and said he company will “take Brexit in our stride”.
“Our supply chain is mostly indigenous. In all scenarios we will be able to trade tariff-free in Europe, so we will handle it,” he says. “We’re clearly in favour of a deal.”
“We’re not going to be immune from a trade war, the impact of tariffs in the short term, but we are used to dealing with volatility in global trade, and we also have a broad range of products that we sell in the US… so our focus is keep the company agile in this world, and we remain confident we can weather the outcomes,” he adds.
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