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Cheminova downgrades 2008 expectations

The global economic and financial crisis negatively impacted Cheminova’s fourth-quarter results, forcing it to downgrade its revenue expectations for 2008. The company has reduced revenue expectations from DKK 5,700 million ($1,010 million at the current rate) to DKK 5,600 million ($992 million). Its pre-tax profit expectations have been lowered from the previous DKK 440-490 million ($78-87 million) to DKK 400 million ($71 million).

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