Isagro delivers five-year plan
Italian agrochemical company Isagro expects good growth over the next five years, despite the large falls in sales and profits in 2006. The company's commitment to research and development, focusing on soybeans and rice, and its investments in the last few years will produce results, it says. Isagro predicts sales of Euro 307.8 million ($407 million) by 2011, up by 52.8% on Euro 201.5 million in 2005 (Agrow No 490, p 6). Earnings before interest, tax and depreciation (EBITDA) are expected to reach Euro 52.5 million against Euro 30.8 million in 2005, and an expected low of Euro 8 million in 2006.