CEO Cites Performance, Expanding Franchises, Creative Go to Market and Technology Expansion in Presentation to Investors
INDIANAPOLIS, Feb. 10 /PRNewswire-FirstCall/ -- Dow AgroSciences' track record of delivering beyond expectations was the focus of a recent presentation to investors made by Jerome Peribere, president and CEO of Dow AgroSciences. Dow AgroSciences is a wholly owned subsidiary of The Dow Chemical Company (NYSE: DOW). Peribere spoke to investors today at the Goldman Sachs Thirteenth Annual Agricultural Biotech Forum in New York City. At the conference, Peribere reinforced the company's track record of delivering excellent performance in key areas and continued plans for growth.
"While 2008 was our best year ever, more importantly this success illustrates our trend of growth from internal efforts, bolt-on acquisitions, and technology success," said Peribere. "We continue to deliver beyond expectations as we provide our customers with innovative solutions."
The company's financial results are impressive, with 20 percent sales growth in 2008 compared to 2007, and 36 percent improvement in EBIT(1) excluding certain items(2), with a 25 percent EBIT CAGR since 2001 excluding certain items(3) being achieved while the company continued adding investment to research and development efforts.
Exceeding customer expectations is a key part of the company's success. New herbicides pyroxsulam and aminopyralid are rapidly being adopted by customers around the world as these products enhance the company's portfolio in key agricultural segments of cereals and range/pasture, respectively.
Dow AgroSciences continues making progress in enhancing its seeds business, with nine acquisitions made since 2007. Peribere cited examples from the Americas which show the company is
|SOURCE The Dow Chemical Company|
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