--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20210519-achema-faces-decline-in-sales/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Achema faces decline in sales Publication Date: 2021-05-19T15:00:20-04:00 Last Updated: 2021-05-18T12:33:41-04:00 Author: Sergey Mezhak (https://www.fertilizerdaily.com/author/smezhak/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Achema faces decline in sales](https://www.fertilizerdaily.com/wp-content/uploads/2021/05/6009677-scaled-1.jpg) The demand remained stable. Lithuanian producer of nitrogen fertilizers Achema reported its 2020 operation results, which turned out to be negative. According to the company’s press-release, Achema’s nitrogen fertilizer sales fell by 3% to 2.47 million tons. The revenue collapsed by 19% to €375 million (approximately $455 million), however, EBIT doubled to €69.2 million (approximately $84 million). “Despite the COVID-19 pandemic and a difficult start of the year, the demand for nitrogen fertilizers remained stable. Europe’s food consumption hasn’t diminished as well. High grain prices encouraged farmers to invest in increasing grain yields, which influenced the purchase of fertilizers,” said Achema CEO Ramūnas Miliauskas. Tags: [Achema](https://www.fertilizerdaily.com/tag/achema/), [Lithuania](https://www.fertilizerdaily.com/tag/lithuania/), [nitrogen fertilizer](https://www.fertilizerdaily.com/tag/nitrogen-fertilizer/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.