Outlook 2012

• Auriga will focus strongly on demonstrating continued growth in revenue and value creation through improved results in all strategic focus areas.
  
  
• The high debt and the need to improve cash flow highlight the necessity of the right balance between growth, cost development, working capital and debt.
  
  
• The market for crop protection products is expected to develop positively in 2012 with slightly increasing prices as high crop prices continue to offer an incentive for farmers to protect their crops.
  
  
• A further strengthening of the product portfolio with new and differentiated products is expected to result in growth at least on a par with market growth.
  
  
• In 2012, Auriga thus expects to return revenue of approx. DKK 6,000 million with an earnings margin (EBITDA) of approx.10% and an operating profit (EBIT) of DKK 350-450 million.