Cheminova first-half sales up 6%
Cheminova registered a 5.7% increase in agrochemical sales to DKK 2,726 million ($529 million at the current rate) in the first half of 2011. Consolidated group revenues went up by 6.1% to DKK 2,968 million ($576 million). Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 18.9% to DKK 283 million, while the EBITDA margin went up one percentage point to 9.5%. EBIT rose by over a third to DKK 196 million ($38 million).