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Shareholder letters 2010
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November 30, 2010
Improved working capital to free up to DKK 1 billion for growth
Cheminova's development projects and acquisitions are to be partly self-financed as an element in the "Five-in-Fifteen" strategy plan. It is crucial that the debt is reduced, e.g. by maintaining a strong focus on working capital management.
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June 9, 2010
Cheminova's business strategy "Five-in-Fifteen" outlines our ambitious targets for the future including a doubling of our global market share to 5%, which through economies of scale will contribute to significantly improving earnings and value creation for the benefit of all stakeholders. The targets are to be achieved through sustainable growth driven primarily by inno-vation and development. We have launched several new products which are doing well, and we have won market share, even in a stagnating market.
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January 15, 2010
By the end of 2009, 13 phase-outs were accomplished as promised. In 2010, the remaining 2 phase-outs will be completed. Read about how we have succeeded in implementing the phase-out plan in a sustainable way: the farmers have been presented with less toxic alternatives, while the group has been able to maintain its market position through the introduction of new products. In December 2009, Cheminova signed the UN’s Global Compact, which in the coming years will form the basis of the group’s efforts within human rights, labour, the environment and anti-corruption.
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