It is an valuation upgrade. There is a higher multiple on seed...

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    It is an valuation upgrade. There is a higher multiple on seed technologies than crop protection!
    "softness in crop protection offset by a very strong performance in seed technologies"

    The balance sheet is a timing issue, and adds a small extra interest bill, which could reduce PBT slightly depending on the average debt level.

    Seed tech is more critical to the 2026 outlook too.
    Last edited by CaptainBarnacles: 28/09/23
 
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