Brussels — The Tessenderlo Group reported a 27.9 percent increase in REBITA, to €41.8 million on revenues of €396.4 million for the first quarter ending March 31, 2014, compared to the year-ago €32.7 million and €486.5 million, respectively. Tessenderlo said operating performance was better than expected, driven by its Agro unit, which includes its fertilizer business, as well as by cost reductions. Despite the uptick, the company expects 2014 REBITDA to be only slightly above 2013 levels, citing current assumptions, including low visibility in a fragile economic environment for the rest of the year.
Transparency Across the Fertilizer Value-Chain