Syngenta Group’s Strong Showing

Basel, Switzerland: Syngenta Group has announced full year and fourth quarter 2021 results. Sales for full year 2021 grew 23 per cent (US$5.2 billion) year-on-year to US$28.2 billion.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) for 2021 was US$4.6 billion, 14 per cent higher year-on-year.

Sales in the fourth quarter were US$7.2 billion, up 17 per cent compared to the prior year period. Fourth-quarter EBITDA increased four per cent to US$1.1 billion.

Syngenta Group’s growth was above market, fuelled by demand for products and services that help farmers increase yields.

Syngenta Group China delivered strong growth across all segments with total sales of US$7.4 billion in 2021. MAP revenues more than doubled to US$1.8 billion and expanded to 492 centres (167 new) across China (average MAP centre sales were up 43 per cent year over year), equipping farmers with solutions that reduce greenhouse gases.

Syngenta Group managed its supply chains in the face of difficult procurement and on-going logistics challenges to meet grower needs.

Synergy-driven sales increased by more than 60 per cent to more than US$0.7 billion, with a profit contribution of US$0.3 billion.

In 2021, Syngenta Crop Protection sales grew 19 per cent to US$13.5 billion. Sales in Europe, Africa and the Middle East grew 11 per cent; North America 14 per cent; Latin America 26 per cent; Asia Pacific (excluding China) 19 per cent; and China 27 per cent.

Initial registrations were achieved for the new PLINAZOLIN technology insecticide, with growers in Argentina the first to benefit from this innovative active ingredient under the brand name of VIRANTRA. PLINAZOLIN technology delivers a new standard of performance, particularly against pests for which existing products no longer can provide effective control.

Launched in the US and Canada, VAYANTIS is a broad-spectrum novel seed treatment fungicide dedicated to protecting soybean and corn from key diseases such as pythium. It also supports early planting to maximise yield and enables low tillage practices to protect the soil.

China saw the launch of VESTORIA, another innovative, low-use rate product to help small-holder rice farmers control the damaging brown planthopper.

Syngenta Crop Protection saw increasing growth of ISABION, a bio-stimulant which increases harvest quality and yield by improving plant nutrition.

An Executive Member of the Asian Golf Industry Federation, the Syngenta Group is one of the world’s leading agriculture innovation companies, with roots going back more than 250 years.

In more than 100 countries, the company strives to transform agriculture through breakthrough products and technologies that play a vital role in enabling the food chain to feed the world safely, sustainably and with respect for our planet.

Registered in Shanghai, China and with its management headquarters in Switzerland, Syngenta Group draws strength from its four business units – Syngenta Crop Protection headquartered in Switzerland, Syngenta Seeds headquartered in the United States, ADAMA headquartered in Israel, and Syngenta Group China – that provide industry-leading ways to serve customers everywhere.

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