FMC 总裁、董事长兼首席执行官 Pierre Brondeau
FMC Agricultural Solutions 报告第一季度收入和收益大幅下降，原因是巴西虫害压力降低和渠道库存高于正常水平导致需求疲软、汇率波动以及退出巴西分销渠道的决定导致需求疲软负责第三方产品销售对结果产生的负面影响。
该部门公布的收入为 $392.4 百万，比去年同期减少 16%。第一季度分部收益为 $81.8 百万，比去年同期减少 32%。
FMC 表示，预计 2015 年全球作物保护市场将下降中个位数百分比。宏观经济环境仍然不确定，主要是考虑到当前对货币走势、利率、农产品价格和石油价格的预期。 FMC 预计，收购 Cheminova 带来的收益贡献，包括早期的协同收益、北美和拉丁美洲杂草抗药性的持续蔓延，以及市场份额的增加，预计将使全年部门收益从高个位数增长到低个位数2015 年达到两位数的百分比。
Pierre Brondeau, president, CEO and chairman, stated: “The first three months of 2015 were characterized by extremely volatile foreign exchange movements, a high degree of uncertainty in global agricultural markets and crop specific headwinds in the Brazil crop protection markets. In the quarter, currency movements reduced our revenues by approximately 4% and reduced our consolidated adjusted earnings per share by 11 cents.
“On February 3, 2015, we signed an agreement to sell Alkali Chemicals for $1.64 billion, resulting in discontinued operations treatment of Alkali Chemicals for the first quarter. The sale was completed on April 1, 2015. We also closed the Cheminova acquisition on April 21, 2015; however, this timing meant that Cheminova’s strong first quarter performance was not included in our first quarter earnings.
“The closing of these two transactions completes the key steps to transform our portfolio into one focused on agriculture, health and nutrition. Looking forward into 2016 and beyond, we expect to see stronger average annual rates of growth in revenues, adjusted operating earnings and adjusted earnings per share than we delivered between 2009 and 2014, with stronger cash generation. Underlying market growth, expanded market access, new technology introductions, operational excellence and near-term synergies from the Cheminova acquisition, plus stronger free cash flow and lower capital intensity, all will contribute to this financial performance between 2016 and 2020. We are excited about the prospects for the transformed FMC portfolio in the coming years.
FMC closed its acquisition of Cheminova on Apr. 21, 2015, and has commenced the process of integrating Cheminova’s operations into FMC. This process is expected to result in synergies of up to $120 million in the first three years, the majority of which will be achieved from various cost-related actions. By eliminating duplicated costs, integrating procurement and supply chain activities, and aggressively targeting cross-selling opportunities, the bulk of these synergies will be in place by mid-2016, the company said.