Cheminova Q4 down 11%
Cheminova’s sales declined by 10.7% to DKK 1,342 million ($203.4 million at the current rate) in the fourth quarter of 2014. Challenging market conditions in Latin America “significantly” curtailed revenues and earnings. No figures have been released for agrochemical sales. They made up 93.7% of total sales in 2013. Earnings before interest and tax (EBIT) dropped by 79% to DKK 21 million.