Company type
Limited Corporation
Established
1989
Size
Large
Employees
657
Revenue
3,242 MDKK
Gross profit
495 MDKK
Operating Profit (EBIT)
247 MDKK
Profit for the Year
66 MDKK
Equity
2,697 MDKK
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Rank Profit for the Year

Rank in industry
1/6
"Top 10%"
Rank in Denmark
1,825/303,205
"Top 10%"

Top management Top 3

Board Top 3

Andrew David Sandifer 1Chairman of board
Diane Sue Allemang 1Vice chairman
Kapil Kumar Saini 1Boardmember

Legal owners Top 3

100%FMC Luxembourg S.à.r.l.

Rights certificate

Selskabet tegnes af formanden for bestyrelsen, eller bestyrelsens næstformand, eller et medlem af direktionen i forening med et bestyrelsesmedlem, eller den samlede bestyrelse.

Company information based on CVR

NameCheminova A/S
Alternate namesCheminova Agro A/S, Fmc Agricultural Solutions A/S, Rønlandværket A/S, Rønlandsværket A/S Show more
CVR12760043
AddressThyborønvej 78, Rønland, 7673 Harboøre
IndustryManufacture of pesticides and other agrochemical products [202000]
Established01-01-1989 (32 yr)
Company typeLimited Corporation
Number of employees657 (Fin.Stmt)
Advertising protectionNo
AuditorKpmg P/S since 07-04-2016
Financial statement period01-01 to 31-12
Company capital300,000,000 DKK
300,000 DKK (03-01-1989 - 19-06-1990)
Articles of assoc. last29-05-2018

Member of industries

Purpose

Selskabets formål er at drive virksomhed ved produktion og handel.

Financial Statement

 201820172016
Currency/unit000' DKK000' DKK000' DKK
Revenue
3,242,378
-7%
3,483,913
+15%
3,024,594
-26%
Gross Profit
495,305
-42%
854,002
+41%
605,585
-31%
Profit for the Year
65,978
-57%
155,105
-49%
302,306
-30%
Equity
2,696,884
+3%
2,630,906
+6%
2,475,801
+14%
Total Assets
4,582,308
-24%
6,056,184
+27%
4,756,351
-17%

Mangement review

Financing
Risk management
Long-term strategic risks
Overall revenue in 2018 was in line with 2017 as higher sales of insecticides to offset lower industrial sales to global customers and the required divestment of part of the cereal herbicide portfolio by the European Commission (competitive reasons driven by the DuPont asset acquisition). The product portfolio continued to shift from lower gross margin generic offerings to higher gross margin proprietary products with pricing improvements implemented where commercially possible. The portfolio also experienced losses due to continued regulatory pressures in key markets (i.e. Europe) and the required divestment of the florasulam and sulfonylurea cereal portfolio to Nufarm Ltd. in the European Union related to FMC’s acquisition of the DuPont crop protection assets. We are committed to providing unique, differentiated products to our customers by acquiring and further developing technologies as well as investing in innovation to extend product life cycles.
Cheminova A/S has been included in the global cash-pool setup with FMC Corporation.
Efficient risk management contributes to ensuring robust operations, controlled growth and stable financial results.
Cheminova A/S is applying the central-led risk management principles from FMC Corporation. The aim is to identifying financial as well as non-financial risks as early as possible with a view to ensuring the timely handling of such risks.
The group’s risks can generally be divided into four categories; Particular risks, Operating risks, Financial risks which are outlined previously and Long-term strategic risks outlined below.
In connection with the strategy process, the management performs an evaluation of the opportunities for and limitations to the future sustainable development of the business. This evaluation is based on reports on, for example, trends in the industry and the regions supplemented by sensitivity analyses and risk descriptions.
24-05-2019

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