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Cheminova sales down 4% in 2009

Cheminova recorded a 4% decline in revenues to DKK 5,424 million ($986 million at the current rate) in 2009. Earnings before interest, tax, depreciation and amortisation (EBITDA) dipped 71.7% to DKK 202 million ($37 million) as the EBITDA margin fell to 4% from 13% in 2008. The decline in EBIT was sharper at 96.5% to DKK 19 million ($3 million). The EBIT margin went down from 9% to 0.2%. Agrochemicals account for some 93% of Cheminova’s sales, which in turn, account for almost all of parent company Auriga’s revenues of DKK 5,437 million ($988 million).



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