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Cheminova Q1 sales jump 20%

Cheminova’s agrochemical sales bounced back strongly from a 6% drop in the last quarter of 2011 to record a 20.4% increase in the first quarter of 2012 to DKK 1,510 million ($260 million at the current rate) compared with the same period last year. Currency impacts remained marginal whereas selling prices increased on average by 3% compared with the corresponding quarter of the previous year, offsetting higher energy and raw material costs. Consolidated group revenues went up by 15.6% to DKK 1,610 million ($277 million).

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