This excerpt taken from the SYT 6-K filed Feb 8, 2007.
Seeds: Strong growth in Diverse Field Crops and Vegetables largely offset a decline in Corn and Soybean due to first quarter production-related issues. Diverse Field Crops performed strongly, capitalizing on the increased demand for biofuels. In Vegetables, demand for fresh produce continues to expand and sales increased across all regions, with good growth in the developing markets of Latin America and Asia. The input trait pipeline for corn progressed well, with the launch of the glyphosate tolerance/corn borer double stack and the granting of EPA approval in October for AgrisureTM RW, a proprietary trait for corn rootworm control, and AgrisureTM CB/RW double-stack in January 2007.
EBITDA increased 17 percent (CER) to $158 million driven by cost savings and growth in high margin businesses.
This excerpt taken from the SYT 20-F filed Mar 1, 2006.
The Seeds segment sells seeds for growing corn, sugarbeet, oilseeds, vegetables and flowers. In the opinion of Syngenta, these different seeds businesses have similar characteristics. Syngenta has judged it appropriate to combine them into a single reportable segment.
This excerpt taken from the SYT 6-K filed Feb 14, 2006.
Seeds: Sales increased in all regions. In corn and soybean, the successful first season of GARST® and GOLDEN HARVEST® in the USA, coupled with a strong performance from NK® led to sales more than doubling. The input trait pipeline for corn, comprising glyphosate tolerance, corn rootworm and corn borer insect control, is progressing well, and a full offer including stacked traits is targeted for 2008 in the USA. Diverse Field Crops also performed strongly, partly benefiting from increased demand for biofuels. In Vegetables, demand for fresh produce continues to expand and sales showed strong growth in both the Americas and Asia, driven by a wide variety of new launches. Flowers sales declined slightly for the full year although recovered somewhat in the second half. EBITDA in Seeds more than doubled to $148 million as underlying profitability was augmented by the contribution from acquisitions.
SYNGENTA FULL YEAR RESULTS 2005 / PAGE 2 OF 30
This excerpt taken from the SYT 6-K filed Jul 28, 2005.
Seeds: Sales increased in all regions reflecting strong underlying demand for Field Crops as well as benefiting from the successful integration of Garst and Golden Harvest acquired in the second half of 2004. In Vegetables demand for fresh produce continued to grow and sales recovered somewhat in the second quarter after a slow start due to poor weather in southern Europe. Sales in Flowers were down due to caution following market overstocking in 2004. EBITDA increased by 54 percent (CER) to $300 million.
This excerpt taken from the SYT 20-F filed Mar 16, 2005.
This excerpt taken from the SYT 6-K filed Feb 15, 2005.
Seeds: Sales increased across all businesses and in all regions. Sales of Vegetables and Flowers increased by 10 percent. Demand in Field Crops, notably US corn and soybean, was strong; reported sales increased by two percent, impacted by the realignment of sales in the fourth quarter for the coming seasons consumption. US field crops seeds have a marked seasonal pattern of sales and profit, heavily weighted to the first half. Following their acquisition in the second half of 2004, Garst and Golden Harvest made a negligible contribution to sales, as expected, and their consolidation resulted in the reduction of Seeds EBITDA by 48 percent (CER) to $68 million. These acquisitions are expected to be accretive from 2005.
The integration of Garst and Golden Harvest into the North American field crops business is well underway. These acquisitions have significantly increased Syngentas market share and, from 2005, the US field crops business will benefit from broader geographic reach, enhanced germplasm and a range of biotech input traits.
SYNGENTA FULL YEAR RESULTS 2004 / PAGE 2 OF 32
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