Basel, Switzerland
25 October 2001
Sales for the first nine months of 2001 were $ 5.13 billion
compared with $ 5.61 billion for the same period in 2000. At
constant exchange rates, sales were 5% lower with Crop
Protection down 6% and Seeds up 1%. The underlying sales trend
was generally less favorable in the third quarter than
in the second. Currency movements reduced reported sales by 4%,
although the impact diminished during the third quarter owing to
a weaker dollar.
For Crop Protection, the second half of the year is the main
season in Latin America. This year sales are being restrained,
notably in Argentina, by the company’s tight credit policy in
unstable financial conditions. In Europe and NAFTA, the main
season takes place in the first half and sales are lower in the
second half. The third quarter in Europe was adversely affected
by a decline in selective herbicides. Increased selective
herbicide sales in NAFTA were offset by weakness in fungicides
and insecticides in drought-affected western areas and an
unfavorable US cotton market. Sales in Asia Pacific showed some
improvement in the third quarter following delays earlier in the
year.
Seeds showed strong growth for the first
nine months in Europe, Latin America and Asia Pacific. In NAFTA
sales were affected by difficult markets for all crops.
Sales evolution for the full year 2001 is expected to be similar
to the first nine months. Synergy realization is on track and
will underpin or slightly improve the EBITDA margin for the
year; net financial expense is expected to be around the same
level as the pro forma 2000 figure.
Syngenta is a world leading agribusiness. The company ranks
first in crop protection, and third in the high-value commercial
seeds market. Pro forma sales in 2000 were approximately US $6.9
billion. Syngenta employs more than 20,000 people in over 50
countries. The company is committed to sustainable agriculture
through innovative Research and Technology. Formed in November
2000 by the merger of Novartis Agribusiness and Zeneca
Agrochemicals, Syngenta is listed on the Swiss stock exchange
(SYNN) and in London (SYA), New York (SYT) and Stockholm (SYN).
Further information is available at
www.syngenta.com.
Unaudited Nine Month Product Line and Regional Sales Analysis
with Pro Forma Nine Month 2000 Comparatives
Syngenta
|
9
months
2001
$m
|
9
months
2000
$m
|
Actual
%
|
CER
%
|
Crop
Protection
|
4352
|
4806
|
- 9
|
- 6
|
Seeds
|
774
|
805
|
- 4
|
+ 1
|
Total
|
5126
|
5611
|
- 9
|
- 5
|
|
|
|
|
|
Crop Protection
|
|
|
|
|
Product line
|
|
|
|
|
Selective
herbicides
|
1454
|
1544
|
- 6
|
- 2
|
Non-selective
herbicides
|
559
|
642
|
- 13
|
- 8
|
Fungicides
|
1110
|
1265
|
- 12
|
- 7
|
Insecticides
|
726
|
830
|
- 13
|
- 6
|
Professional
products
|
404
|
429
|
- 6
|
- 3
|
Others
|
99
|
96
|
+ 3
|
+ 8
|
Total
|
4352
|
4806
|
- 9
|
- 6
|
Regional
|
|
|
|
|
Europe,
Africa and Middle East
|
1512
|
1643
|
- 8
|
- 3
|
NAFTA
|
1682
|
1766
|
- 5
|
- 5
|
Latin
America
|
482
|
598
|
- 19
|
- 18
|
Asia
Pacific
|
676
|
799
|
- 15
|
- 5
|
Total
|
4352
|
4806
|
- 9
|
- 6
|
|
|
|
|
|
Seeds
|
|
|
|
|
Product line
|
|
|
|
|
Field
Crops
|
445
|
476
|
- 6
|
- 3
|
Vegetables
and Flowers
|
329
|
329
|
-
|
+ 6
|
Total
|
774
|
805
|
- 4
|
+ 1
|
Regional
|
|
|
|
|
Europe,
Africa and Middle East
|
360
|
356
|
+ 1
|
+ 10
|
NAFTA
|
304
|
347
|
- 12
|
- 12
|
Latin
America
|
70
|
61
|
+14
|
+ 14
|
Asia
Pacific
|
40
|
41
|
-1
|
+ 9
|
Total
|
774
|
805
|
- 4
|
+ 1
|
Unaudited Third Quarter Product Line and Regional Sales Analysis
with Pro Forma Third Quarter 2000 Comparatives
Syngenta
|
3rd
Quarter
2001
$m
|
3rd
Quarter
2000
$m
|
Actual
%
|
CER
%
|
Crop
Protection
|
985
|
1078
|
- 9
|
- 6
|
Seeds
|
110
|
113
|
- 2
|
- 1
|
Total
|
1095
|
1191
|
- 8
|
- 6
|
|
|
|
|
|
Crop Protection
|
|
|
|
|
Product line
|
|
|
|
|
Selective
herbicides
|
230
|
245
|
- 6
|
- 3
|
Non-selective
herbicides
|
148
|
160
|
- 8
|
- 4
|
Fungicides
|
223
|
252
|
- 11
|
- 8
|
Insecticides
|
218
|
250
|
- 13
|
- 7
|
Professional
products
|
134
|
153
|
- 12
|
- 8
|
Others
|
32
|
18
|
+ 78
|
+ 80
|
Total
|
985
|
1078
|
- 9
|
- 6
|
Regional
|
|
|
|
|
Europe,
Africa and Middle East
|
301
|
329
|
- 8
|
- 6
|
NAFTA
|
249
|
274
|
- 9
|
- 9
|
Latin
America
|
247
|
275
|
- 10
|
- 9
|
Asia
Pacific
|
188
|
200
|
- 6
|
+ 4
|
Total
|
985
|
1078
|
- 9
|
- 6
|
|
|
|
|
|
Seeds
|
|
|
|
|
Product line
|
|
|
|
|
Field
Crops
|
37
|
39
|
- 5
|
- 6
|
Vegetables
and Flowers
|
73
|
74
|
- 1
|
+ 2
|
Total
|
110
|
113
|
- 2
|
- 1
|
Regional
|
|
|
|
|
Europe,
Africa and Middle East
|
62
|
53
|
+ 16
|
+ 20
|
NAFTA
|
11
|
27
|
- 57
|
- 57
|
Latin
America
|
27
|
21
|
+ 26
|
+ 26
|
Asia
Pacific
|
10
|
12
|
-12
|
- 7
|
Total
|
110
|
113
|
- 2
|
- 1
|
(1) Unaudited pro forma
(2) Constant exchange rates
(3) Unaudited pro forma
(4) Constant exchange rates
Company news release
N3905
|