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Isagro plan on track but costs rise

Italian agrochemical company Isagro (Milan) has revised its cost estimates upwards for its 2008-12 business plan. Changes in the global financial markets have caused the revision, it says. Isagro issued the plan earlier this year ( Agrow No 540, p 8) as a downsized version of the plan it issued in December 2006 ( Agrow No 512, p 4), following delays in some registrations. The updated plan envisages 2012 sales of €305.2 million ($418.8 million at current rate) and earnings before interest, tax, depreciation and amortisation (EBITDA) of €43.7 million ($60 million).

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