Guinness sales drop but pint still accounts for one in every three consumed in Irish pub
Diageo's first half profit missed expectations on slowdown in emerging markets
Published 30/01/2014 | 07:45
DIAGEO, the world's biggest distiller and maker of Guinness, said today that the overall Irish beer market continued to decline in the six months ended December with sales down 6pc.
Guinness net sales here also declined 6pc mainly due to the warm summer, it added.
However, Diageo said that the company still commands just over 32pc of the market equating to one in every three pints consumed in a pub .
Overall, the company reported first-half profit growth that missed expectations amid a slowdown in emerging markets, figures released today show.
Earnings, excluding some items, totaled £2.06bn while Diageo expects to see some improvement in sales growth in the second half.
Irish spirits and liqueur brands performed well in the half due to the continued momentum of Baileys in Greater China (net sales up 37pc) and Bushmills in Russia and Eastern Europe (net sales up 22pc).
Globally Guinness net sales declined by 1pc, driven by weakness in Nigeria, (Guinness’ number one market by net sales in the last financial year), and Ireland.