Basel, Switzerland
26 April 2005
Sales in the first quarter of 2005 increased by
24% to $2.85 billion, benefiting from the contribution of US
Seeds acquisitions and the alignment of sales closer to
consumption. At constant exchange rates (CER) sales rose 19%.
In Crop Protection, sales were 4% higher (CER)
driven by early demand in NAFTA and a good underlying
performance in Asia Pacific, notably Japan. In Europe, a late
start to the season led to slightly lower sales. In Latin
America, a strong finish to the season in Argentina offset lower
sales in Brazil in comparison with a very strong first quarter
in 2004.
Growth was particularly robust in fungicides.
Insecticides also performed well in all regions. In herbicides,
lower sales in Europe offset growth in NAFTA. Professional
Products once again grew strongly, driven by the continued
success of Seed Treatment.
Seeds sales increased 70% (CER). Excluding the
effect of acquisitions, sales rose 15% (CER). Underlying growth
was strong in Field Crops in both NAFTA and Europe. Sales of
Vegetables and Flowers were slightly lower, notably in Europe,
due to the late start to the season.
For the full year 2005, the company remains
committed to deliver high teens growth in earnings per share*.
*Fully diluted, before restructuring,
impairment and IFRS 3 adjustment
Unaudited First Quarter Product
Line and Regional Sales:
(1) Product line variances take into account minor
reclassifications made in 2005
(2) Growth at constant exchange rates
Syngenta holds
Annual General Meeting
Basel,
Switzerland, April 26, 2005
At the fourth
Annual General Meeting of Syngenta AG led by Chairman Heinz
Imhof today in Basel, the 841 shareholders representing 29.46%
of the total shares issued approved all the motions proposed by
the Board of Directors.
Shareholders
approved an increase of the dividend by 59% compared to the
previous year to CHF 2.70, to be paid by way of a reduction of
the nominal value of shares. Shareholders also approved a
reduction of shareholders’ equity through cancellation of 6.2
million shares, which the company had repurchased over a second
trading line. Jacques Vincent, Vice Chairman and Chief Operating
Officer (COO) of Danone Group, was elected new member of the
Board of Di-rectors of Syngenta. Martin Taylor, Peter Thompson,
Rolf Watter and Felix Weber were re-elected to the Board.
Furthermore,
the annual and financial reports for 2004 were approved. Ernst &
Young AG were re-elected as Group Auditors of Syngenta.
Syngenta is
a world-leading agribusiness committed to sustainable
agriculture through innovative research and technology. The
company is a leader in crop protection, and ranks third in the
high-value commercial seeds market. Sales in 2004 were
approximately $7.3 billion. Syngenta employs some 19,000 people
in over 90 countries. Syngenta is listed on the Swiss stock
exchange (SYNN) and in New York (SYT). |