In 2008, Cheminova reached the highest revenue and the second-best result ever
In 2007, Auriga Industries A/S divested Hardi International A/S and Skamol A/S and thus became a single-stringed group with focus on Cheminova.
Despite the revised outlook of the accounts of 2008, a considerable growth is expected relative to 2007 in Cheminova with revenue increase of 30% and an improvement of profit before tax from DKKm 91 to approx. DKKm 400.
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Growth target 2010 already reached - new Business Plan in March
The ambition in Cheminova’s Business Plan covering 2005-2010 was to increase revenue with 50% from 2005 to 2010, ie. from approx. DKKbn 4 in 2005 to approx. DKKbn 6 in 2010.
Already in 2009, this growth target is expected to be reached and consequently, a new Business Plan is now under preparation and expected to be released together with the Annual report on March 20, 2009.
Unchanged share price relative to early 2008
In 2008, considerable share price flucutations were seen in the Auriga share. Though, the share price early February is almost at the same level as at the beginning of 2008.
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The shareholder letter has been forwarded by ordinary mail to Auriga’s shareholders and released as Investor News via NASDAQ OMX, Copenhagen, GlobeNewswire.
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See Auriga's shareholder letters 2009
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