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TheStreet Open House

Syngenta First Quarter 2013 Sales $4.6 Billion

Stocks in this article: SYT

Double digit growth in Selective herbicides was led by corn herbicides and by AXIAL ® on cereals, notably in France. Non-selective herbicides rebounded from a weak first quarter in 2012 largely due to TOUCHDOWN ® which saw significant volume and price advances. Growth in Fungicides was more moderate, with strength in Brazil, France and the CIS partly offset by adverse weather in some countries and by lower US sales. SEGURIS ® was successfully launched in Central Europe having received full EU regulatory approval in 2012. Growth in Insecticides was driven in Brazil by ACTARA ® and in the USA by FORCE ®, whichcontinued to demonstrate its value as part of integrated corn rootworm management programs. Seed care sales increased by more than 20 percent led by the successful launch of VIBRANCE ®; CRUISER ® continued its expansion in emerging markets with strong growth in both Latin America and Asia Pacific.

In Corn and soybean seeds, sales expanded rapidly in the CIS and in Asia Pacific. North American corn sales excluding the impact of lower licensing income were broadly flat following a strong fourth quarter performance in 2012. Soybean sales were slightly lower as a late spring delayed purchasing. In Diverse field crops strong growth in sunflower, notably in Eastern Europe, more than offset a significant decline in sugar beet reflecting lower acreage in Europe and the USA. Vegetables continued the upturn evident at the end of 2012, with a more positive environment for growers in the Americas and Asia Pacific.  

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