Articles
14 March 2023
Sales in the sector decreased during the last quarter of the year as customers turned to cheap unbranded solutions or cut back on purchases on the back of higher product prices. Scarcity of raw materials, logistics hurdles, higher energy prices and Russia-imposed sanctions are to blame. On the valuation side, multiples remained largely stable with investors betting on the long-term strong fundamentals of the industry, supported by the significance of fertilizer and pesticide products in agriculture. Deal volume increased, mainly driven by strategic acquisitions as industry players join forces to battle cost-side pressures.