The company reported a 6% decline in its Guinness stout sales in Ireland and a flat performance in Great Britain.
Commenting on the six months ended 31 December 2013, during which sales reached £8bn (compared to £8.1bn for the same period in 2012) and pre-tax profit was £2.1bn (£1.9bn), chief executive Ivan Menezes (pictured) said: “Over the next two months we will set out detailed plans to simplify our processes and de-layer our organisation. This will create a more agile, accountable and effective organisation to deliver our performance ambition. I expect this to deliver cost savings of £200 million a year by the end of fiscal 2017.”
Copyright Ken Hurst 2014