Outstanding Networking Capital Reduction
Nufarm achieved an outstanding result on networking capital with a 30% reduction on the prior year, significantly reducing debt.
Net Debt Reduction
The company ended the year with net debt of $635 million, which was 25% below the prior year.
Successful Product Launches
New product introductions contributed to more than 15% of revenues, including the successful launch of Oxbow Herbicide in Canada.
Omega-3 Target Achievement
Nufarm reached its target of $50 million in omega-3 sales and expanded its grower base and planted area.
APAC Segment Performance
The APAC segment reported EBITDA of $88 million, in line with the prior year, with exceptional results in Asia.