Cheminova Q1 sales up 7%
Cheminova recorded a 7.1% increase in first-quarter sales to DKK 1,955 million ($280.1 million at the current rate). The organic growth was 2%. Positive currency effects led to the increase. No figures have been released for agrochemical sales. They made up 95.1% of total sales in the corresponding quarter last year. Parent company Auriga Industries has listed the Cheminova business as “discontinuing operations” in its quarterly statement, following the divestment of the business this month to FMC.