FMC integrates Cheminova in Q2 results
FMC recorded a 17.8% increase in agrochemical sales to $625.6 million in the second quarter of 2015. Operating profit fell by 7.1% to $121.4 million. However, due to the acquisition of Cheminova from Danish parent company Auriga on April 21st, FMC has also presented its Agricultural Solutions business results on a pro forma basis as if Cheminova had been owned for the full second quarter of 2014 and 2015. On this basis, sales fell by 22.8% to $683.5 million and operating profit was down by 29.6% to $117.3 million.