19 Nov 2020
Financial results for 2 months ended 30 September 2020
Today Nufarm announced financial results for the two months ended 30 September 2020 to complete the transition to the new financial year reporting period. In announcing the results, Nufarm Managing Director and Chief Executive Officer, Greg Hunt, said, “We have continued to make progress against key priorities. Our balance sheet remains strong, we have made ...
13 Nov 2020
Transition to new financial year end and important dates for shareholders
Recently Nufarm decided to change its financial year end from 31 July to 30 September to better align half yearly reporting cycles with Nufarm’s key sales periods and enable improved comparison with industry peers. Nufarm’s earnings are currently weighted toward the second half of the financial year and this is expected to become more pronounced ...
05 Nov 2020
Appointment of Non-executive Director
Nufarm Chair, John Gillam, today announced Lynne Saint will join the Nufarm Board as an independent Non-executive Director subject to approval of shareholders at an Annual General Meeting to be held on 18 December 2020. Ms Saint has broad financial and commercial experience from a global career including more than 19 years with Bechtel Group ...
28 Oct 2020
Appointment of Chief Financial Officer
Nufarm Managing Director and Chief Executive Officer, Greg Hunt, today announced the appointment of Paul Townsend to the role of Chief Financial Officer. Mr Townsend’s 30-year career includes CFO roles with Asaleo Care, Pacific Hydro, Futuris Automotive Group and most recently, Monash University. Mr Hunt said, “Paul is a highly experienced CFO and his extensive ...
20 Oct 2020
Nufarm and CROP.ZONE announce collaboration to bring alternative weed control to major European markets
We’re pleased to announce a new collaboration with CROP.ZONE, a European-based ag-tech start-up developing electrochemical solutions to replace chemical herbicides in select market segments. Our Regional General Manager for Europe, Middle East and Africa, Hildo Brilleman welcomed the announcement: “We’re looking forward to partnering with CROP.ZONE in the development and commercialisation of this exciting new ...
30 Sep 2020
Omega-3 canola named Innovation of the Year finalist by the Global Aquaculture Alliance
Nuseed’s Aquaterra® Omega-3 oil has been named as a finalist for the Global Aquaculture Alliance Innovation of the Year award in recognition of its potential to double the world’s supply of omega-3, an important nutrient for fish and human health. Nuseed developed Aquaterra® as a partial replacement for marine ingredients. While plant-based protein alternatives to ...
23 Sep 2020
Nufarm Full Year Results 2020
Nufarm today have reported a statutory net loss after tax for the financial year 2020 of $456 million and underlying earnings before interest, tax, depreciation and amortisation from continuing operations of $236 million. Nufarm Managing Director and CEO, Greg Hunt, said, “2020 has been an extraordinary year. The agricultural markets in which we operate across ...
14 Sep 2020
Resignation of Chief Financial Officer
Nufarm Chief Financial Officer, Paul Binfield, has today advised the company of his resignation to pursue the next step in his career. Mr Binfield will leave Nufarm on 31 December 2020. Nufarm Managing Director and Chief Executive Officer, Greg Hunt, thanked Mr Binfield for his valuable contribution. “Paul is a highly respected senior executive and ...
08 Sep 2020
Change to regional structure and leadership appointment
From 1 October 2020 Nufarm will combine the ANZ and Asia operating regions to deliver further efficiencies to our supply chain and manufacturing capabilities and strengthen the way we use and market our portfolio across the region. The newly created APAC region will incorporate Nufarm’s crop protection operations in Australia, New Zealand, South East Asia ...
02 Sep 2020
Non-cash asset impairment and preliminary, unaudited FY20 earnings estimate
Nufarm advises that following a review of the carrying value of its assets in accordance with relevant accounting standards, and subject to finalisation of the audit, the company expects to recognise non-cash, impairment charges in relation to its European assets of approximately $215 million in financial statements for the year ended 31 July 2020. This ...