Dow’s Agricultural Sciences sales up 2% in 2014

Date:02-02-2015

Dow’s Agricultural Sciences recorded fourth quarter sales of $1,856 million, up 4.6% versus the year-ago period. Sales gains were broad-based across all geographies, led by growth in Latin America. The segment registered full-year sales of $7,290 million, up 2.1% versus the year-ago period driven by the introduction and ramp up of new products and technologies.

Crop Protection sales were up 3 % versus the year-ago period, driven by broad-based sales gains in all geographies. Higher sales were reported in herbicides, insecticides and fungicides. Sales of new crop protection products increased by 23 % versus the year-ago period, led by Spinetoram and Isoclast™ insecticides. Crop Protection achieved a full-year sales record.

Seeds sales grew by 9 % versus the year-ago period, including one-time gains related to the end of DuPont Pioneer’s development of Enlist™ soybeans. On a full-year basis, the business delivered volume growth in soybeans and cotton.

The segment recorded fourth quarter EBITDA of $222 million, up 39.6 % versus the same quarter last year, primarily driven by the launch of new products and growth in targeted crops.

Dow’s Agricultural Sciences sales results ($ million)
Ended Dec 31	Q4 2014	Q4 2013	%changes	Full Year 2014	Full Year 2013	% changes
Sales	1,856	1,774	+4.6	7290	7137	+2.1
EBITDA*	222	159	+39.6	962	894	+7.6
*earnings before interest, tax, depreciation and amortization