Cheminova agchems up 5% in Q3
Cheminova recorded a 4.6% increase in agrochemical sales to DKK 1,400 million ($239 million at the current rate) in the third quarter of 2012. Consolidated group revenues moved up by 2% to DKK 1,469 million ($250 million). Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) were flat at DKK 121 million ($21 million), while EBIT inched up by 2.6% to DKK 80 million ($14 million). An improved product mix boosted the gross margin by over two percentage points to 27.4% despite higher raw material costs.