Edition:
India

Corteva Inc - Increases Overall Mid-Term Revenue Growth To 4% To 6% From 3% To 5% - Conf Call


Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Corteva Inc ::EXPECTS FY 2019 OPERATING EPS OF $1.06-$1.31 - CFO, CONF CALL.IN TOTAL, WE'RE EXPECTING TO SEE $200 MILLION IN ADDITIONAL COST SAVINGS IN 2020 AND $200 MILLION IN 2021- CFO, CONF CALL.OVER NEXT 5 YRS, TARGETING ABOUT $700 MILLION IN ADDITIONAL PRODUCTIVITY IMPROVEMENT BEYOND ADDITIONAL $400 MILLION IN MERGER COST SYNERGIES- CFO, CONF CALL.GIVEN OUR 2020 EXPECTATIONS, WE SEE ENOUGH SUPPORT FOR NEXT YEAR AND BEYOND TO RAISE OUR MIDTERM TARGETS- CONF CALL.NOW EXPECT SALES TO GROW BETWEEN 4% TO 6% IN THE MIDTERM AND OPERATING EBITDA TO GROW 12% TO 16% - CONF CALL.INCREASES CROP PROTECTION, REVENUE MID-TERM GROWTH GUIDANCE TO 5% TO 7% FROM 3.5% TO 6.5% - CONF CALL.INCREASES OVERALL MID-TERM REVENUE GROWTH TO 4% TO 6% FROM 3% TO 5% - CONF CALL.