For a fuller understanding of the Group's financial affairs and results please download the Annual Report and Accounts 1999.

Fiscal 1999 has been a year of significant achievement for Allied Domecq. Through extensive restructuring we have returned some £2.7 billion of value to shareholders and have emerged as a tightly focused international brand-led business.

The opportunities to improve the performance of the business are significant. We are committed to delivering these improvements which will markedly strengthen our position in any future industry consolidation, thereby further enhancing the return to shareholders.

 
 
 
Financial Highlights Growth %
Turnover from continuing businesses increased to £2,408 million +2
Trading profit* increased to £443 million +3
Spirits & Wine underlying trading profit* increased to £369 million +4
Core four spirits brands' volumes increased +8
Quick Service Restaurants trading profit* increased to £53 million +26
*Continuing businesses at constant exchange before exceptional items. Underlying Spirits & Wine growth
excludes the impact of the US destock (£7 million) and lower profits from the sale of bulk spirits (£8 million).