Auriga Industries A/S, Harboøre, Denmark, 2013-07-02 09:04 CEST (GLOBE NEWSWIRE) --
Company announcement no. 5/2013
April 16, 2013
Outlook maintained in the Chairman’s report
At the Annual General Meeting later today, the Chairman will mention that the start to the year in Europe has been impacted by the long and severe winter resulting in a season delay. However, the developments are considered to be within the planned financial scope leading to outlook maintained.
As previously announced, Auriga expects further positive growth of approx. 10%, with revenue of up towards DKK 6.8 billion and an EBITDA margin of approx. 12%.
Continued focus will be on improving the working capital to realize a positive free cash flow despite maintaining the investment level within product development and production plants.
The Chairman’s report will be available on the website later.
AURIGA INDUSTRIES A/S
Investor Relations
Phone: +45 70 10 70 30
investor@auriga.dk
Facts about Auriga
Auriga Industries A/S is the listed parent company of Cheminova A/S, which is the wholly owned operating company domiciled in Denmark. Cheminova is developing, producing and marketing chemical crop protection products. All activities are carried out with due consideration for the environment and in compliance with ever higher sustainability standards. The products are sold in more than 100 countries, and 99% of sales are generated outside Denmark. In 2012, the group posted revenue of approx. DKK 6.3 billion and has more than 2,100 employees in a global organization with subsidiaries in 23 countries.