(Reuters) — Corteva expects low-single-digit percentage net sales growth through 2027, the U.S. agrichemicals firm said on Tuesday, banking on its exclusive seeds and crop chemical products.
The top U.S. supplier of corn and soy seeds has invested heavily to improve the yields of its products as it bets on the long-term demand for food, feedstock, and biofuels.
The company forecast 2027 revenue to be in the range of $18.2 billion to $18.8 billion (C$25.5 billion to 26.3 billion) , compared with its expected 2024 revenue of about $17.1 billion (C$23.9 billion).
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Corteva also predicted $1 billion (C$1.4 billion) in cost declines through 2027, largely due to a fall in commodity prices.
The company projected flat to low-single-digit percentage growth until 2027 compared to 2024 levels for its crop protection segment.
