Lawn and Garden sales of $200 million reflected the impact of divestments which will significantly improve the profitability of the business. Excluding both acquisitions and divestments sales were unchanged.
Mike Mack, Chief Executive Officer, said: "Business momentum was sustained in the first quarter of 2013 despite adverse weather in March delaying northern hemisphere plantings. Farmer sentiment remains strong and we will continue to drive innovative offers through a commercial organization which is now fully integrated in all territories. For the full year, we expect the impact of currencies and chemical raw materials to be broadly neutral and cost efficiencies to help offset lower licensing income and higher production costs in seeds. We also expect to generate significant free cash flow and sales growth in line with the target for our eight key crops of $25 billion in 2020."
Syngenta is one of the world's leading companies with more than 27,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life. For more information about us please go to http://www.syngenta.com.
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