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TheStreet Open House

Syngenta First Quarter 2013 Sales $4.6 Billion

Stocks in this article: SYT

BASEL, Switzerland, April 18, 2013 /PRNewswire/ --

  • Integrated regional sales up 8 percent at constant exchange rates
  • Continuing momentum, growth across all regions
  • High grower profitability supporting ongoing technology adoption

In the first quarter of 2013 integrated sales increased by 8 percent at constant exchange rates, with volumes up 6 percent and prices 2 percent higher. Group sales including Lawn and Garden were up by 7 percent: excluding the impact of acquisitions and divestments in Lawn and Garden, group sales were up 8 percent. Reported sales were 6 percent higher at $4.6 billion.

Integrated regional sales

In Europe, Africa and the  Middle East sales were up 10 percent, driven in particular by the CIS, with further expansion of the product portfolio and higher acreage expectations for spring crops. Growth was also strong in South East Europe and in France, where new fungicide launches and corn and cereal herbicides played a key role. Sales in Italy and in some northern European countries were lower owing to cold wet weather which has delayed the start to the season. North America saw continuing strong growth in crop protection with sales up 14 percent despite a prolonged winter. Significant contributions came from the corn herbicide CALLISTO ® and from VIBRANCE ® seed care, which has recently been launched and achieved sales of more than $50 million in the quarter.

Latin America completed a strong season driven by Brazil, where fungicide sales were up by more than 30 percent and sales of insecticides also grew significantly owing to increased insect pressure in soybean and cotton. Crop protection sales for sugar cane expanded as technology adoption continues. In Asia Pacific , growth was concentrated in the emerging markets of ASEAN, more than offsetting another difficult season due to weather in Australasia. Seeds continued their growth trajectory led by corn, with strong demand for treated hybrids.

Product line sales

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