|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the SYT 6-K filed Apr 15, 2009. "Q1 2009 sales:
performance reflects ongoing growth in demand"
Herewith
we furnish a press release related to Syngenta AG. The full text of the press
release is the following:
# #
#
Item
1
 Basel, Switzerland,
April 15, 2009
Q1
2009 sales: performance reflects ongoing growth in demand
In the first
quarter Syngenta achieved strong underlying sales growth after a record year in
2008. Sales increased by 7 percent at constant exchange rates (CER); reported
sales were 4 percent lower at $3.6 billion owing to the significant appreciation
of the dollar.
Crop Protection
sales were 8 percent higher (CER) at $2.6 billion. Excluding Professional
Products, sales rose by 10 percent with volumes up 2 percent and price
realization ahead of target at 8 percent. Sales increased in Europe with a
strong performance in Western Europe, notably France; in Eastern Europe growth
was led by Russia and Poland. In NAFTA, Syngenta capitalized on its strong
market position and saw good growth across all product lines. Second season
sales in Latin America were lower owing to drought in Argentina and southern
Brazil and to careful risk management. Growth in Asia-Pacific was particularly
strong in the emerging markets demonstrating the resilience of the farm economy
in these countries and the success of Syngenta’s tailored product
offer.
Product line growth
was led by herbicides: selectives performed particularly well in NAFTA and in
non-selectives demand for TOUCHDOWN® remained
strong. Fungicide sales increased with the main season still to come.
Insecticides saw a slight decline owing to lower Latin American sales. Seed Care
continued its record of double digit growth helped by the registration of
CRUISER® in
France. Professional Products were affected by the impact of the economic
environment on the lawn & garden and home care markets.
Sales of new
products – AVICTA®,
AXIAL®,
DURIVO® and
REVUS® –
increased by more than 40 percent demonstrating the continuing willingness of
growers to adopt new technology.
Seeds sales were 3
percent higher (CER) at $1.1 billion. Corn & soybean sales increased by 7
percent despite delayed planting decisions in the USA and corn acreage
contraction in Europe; growth primarily reflected portfolio improvements in corn
and price increases. In Diverse Field Crops, sales of sunflower and sugar beet
were lower with tight risk management in Eastern Europe. In Vegetables &
Flowers, the downturn in consumer purchasing affected flowers but sales overall
were slightly higher.
For the full year,
despite adverse currency effects and ongoing tight risk management, the company
continues to target growth in earnings per share.
Syngenta – April 15, 2009 / Page of 1 of 3
Syngenta is one of
the world's leading companies with more than 24,000 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 www.syngenta.com.
|
| |||||||
