Nufarm FY18 results: European business grows

Agro Napló
Nufarm Europe has announced its full-year results for FY18, reporting strong performance in the company's most important region.

For Europe, Nufarm reported substantial growth in branded sales for financial year 2018. Sales increased by 19% from A$539.8m in 2017 to A$642.6m in 2018. This was primarily down to the European portfolio acquisitions (Surf and Century), which are progressing well and delivering results as forecast. Nufarm's base portfolio also generates strong sales and growth, driven by Agroxone, Dicopur, Kyleo and Tazer. Sales in Europe were impacted by adverse climactic conditions in the northern and eastern parts of the continent. Still, although the season started late and finished very dry, Germany, Spain, Italy and Romania closed out the year in a particularly strong position.

“The acquisitions of the Surf and Century portfolios as well as our ongoing back-office harmonization are starting to pay off – we are on track to deliver FY19 targets” says Hugo Schweers, General Executive Manager EuMEA. “Another focus for 2019 is customer experience, where the farmers' needs as well as innovation with and through distribution play an important role.”

Címlapkép: Getty Images
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