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    DGE   GB0002374006

DIAGEO PLC

(DGE)
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Delayed London Stock Exchange  -  11:35 2022-08-17 am EDT
3888.50 GBX   +1.05%
05:12aDIAGEO : Berenberg reaffirms its Neutral rating
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08/16DIAGEO : Bernstein remains Neutral
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Bangor University : Bangor University capping off work on eco-conscious paper whisky bottle

06/30/2022 | 06:09am EDT

Consumers could soon be pouring whisky out of a paper bottle, with a sustainable packaging project nearing completion at Bangor University.

Members of the university's Biocomposites Centre have partnered with global green packaging consortium Pulpex to design a paper bottle for use by a number of global consumer packaged goods companies, including Diageo.

Made from sustainably sourced, FSC-certified wood pulp, the bottles have been designed to balance functionality and quality with recyclability, and the intention is to create a resilient container which will allow for a long-term shelf-life and simple mass production.

Bangor University has worked alongside Pulpex since 2020 on the initiative and director of Bangor University's Biocomposites Centre Dr Rob Elias said: 'Given the high carbon and energy cost which goes into making even a single glass bottle, it is critical more sustainable methods of packaging are developed to reduce costs and the global carbon footprint.

'Working with industry is vital if we are to move forward to the next stage of innovation; The knowledge and support Pulpex has provided has proven invaluable to helping us research and optimise the ideal makeup of the bottle as well as scale up testing to provide more comprehensive results.'

Pulpex is a research and development collaboration between Diageo and Pilot Lite, a venture management company.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2023 16 804 M 20 241 M 20 241 M
Net income 2023 3 816 M 4 597 M 4 597 M
Net Debt 2023 14 315 M 17 243 M 17 243 M
P/E ratio 2023 23,6x
Yield 2023 2,10%
Capitalization 88 520 M 107 B 107 B
EV / Sales 2023 6,12x
EV / Sales 2024 5,76x
Nbr of Employees 28 558
Free-Float 91,0%
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Number of Analysts 24
Last Close Price 3 888,50 GBX
Average target price 4 211,08 GBX
Spread / Average Target 8,30%
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Ivan M. Menezes Chief Executive Officer & Executive Director
Lavanya Chandrashekar Chief Financial Officer & Executive Director
Javier Ferrán Larraz Chairman
Alan James Harris Stewart Independent Non-Executive Director
Nicola S. Mendelsohn Independent Non-Executive Director
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