Cheminova agchems up 4% in 2013
Cheminova recorded a 3.9% increase in agrochemical sales in 2013 to DKK 6,182 million ($1,140 million at the current rate). Revenues were impacted by negative exchange rate fluctuations of 8%. The divestment of Stähler Switzerland, the Swiss operation of Cheminova's German subsidiary, Stähler, during the first quarter (Agrow No 657, p 3) cut revenues by 2%. Sales were also under pressure from a low level of insect infestation in North America and drought in Australia.