Basel, Switzerland
October 22, 2004
Sales in the third quarter of 2004
increased by 17% to $1.4bn (2003: $1.2bn) and at constant
exchange rates (CER) by 14%. Sales for the first nine months
were 8% higher (CER) at $6bn.
Crop Protection sales in the third
quarter rose 12% (CER) to $1.2bn. Sales in the low season in
Europe, Africa and Middle East continued to demonstrate the
strength witnessed in the first half with herbicides performing
particularly well. The new season in Latin America started
strongly, notably in Brazil, driven by high early demand for
fungicides. Sales growth accelerated in Asia-Pacific with a good
performance in Japan and India. In NAFTA, performance was driven
by Professional Products, the continuing success of the
CALLISTO® range and by fungicides, especially AMISTAR®. On a
global basis, all product lines increased sales apart from
insecticides which were slightly lower following an
exceptionally strong first half. Growth in sales of new products
for the quarter was $26m; total sales of new products for the
first nine months reached $554m.
Seeds sales in the third quarter
rose 28% (CER) to $0.2bn. Field crop sales benefited from timing
differences in the USA and strong early demand in Brazil. Growth
in Vegetables and Flowers reflected both expanding consumer
demand and the consolidation of Dulcinea Farms and Dia-Engei.
For the full year 2004, sales
growth is expected to be in line with first half performance,
leading to earnings per share1 growth of around 60 per cent.
Syngenta is a world-leading
agribusiness committed to sustainable agriculture through
innova-tive research and technology. The company is a leader in
crop protection, and ranks third in the high-value commercial
seeds market. Sales in 2003 were approximately $6.6 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).
1 fully diluted, before
restructuring and impairment and one-off tax credit
Unaudited Nine Months Product Line and Regional Sales
Syngenta 9 Months 9 Months Actual(1) CER(1)(2) Ex RR(1)(3)
2004 2003 % % %
$m $m
Crop
Protection 4908 4386 + 12 + 7 + 8
Seeds 1054 892 + 18 + 12 + 12
Total 5962 5278 + 13 + 8 + 9
Crop Protection
Product line
Selective
herbicides 1571 1432 + 10 + 5 + 6
Non-selective
herbicides 541 509 + 7 + 4 + 4
Fungicides 1338 1122 + 19 + 13 + 13
Insecticides 806 718 + 13 + 9 + 9
Professional
products 560 499 + 11 + 7 + 9
Others 92 106 - 14 - 20 - 20
Total 4908 4386 + 12 + 7 + 8
Regional
Europe, Africa
and Middle
East 1933 1677 + 15 + 6 + 6
NAFTA 1679 1634 + 3 + 2 + 3
Latin America 623 471 + 32 + 32 + 33
Asia Pacific 673 604 + 11 + 5 + 5
Total 4908 4386 + 12 + 7 + 8
Seeds
Product line
Field Crops 572 488 + 17 + 11 + 11
Vegetables
and Flowers 482 404 + 19 + 12 + 12
Total 1054 892 + 18 + 12 + 12
Regional
Europe, Africa
and Middle
East 558 486 + 15 + 4 + 4
NAFTA 376 308 + 22 + 21 + 21
Latin America 63 55 + 14 + 14 + 14
Asia Pacific 57 43 + 33 + 25 + 25
Total 1054 892 + 18 + 12 + 12
- (1) Product line variances take into account
minor reclassifications made in 2004
- (2) Growth at constant exchange rates
- (3) Growth at constant exchange rates excluding
the effects of range rationalization
Unaudited Third Quarter Product Line and Regional Sales
Syngenta 3rd Quarter 3rd Quarter
2004 2003 Actual(1) CER(1)(2) Ex RR (1)(3)
$m $m % % %
Crop
Protection 1166 1016 + 15 + 12 + 13
Seeds 208 157 + 32 + 28 + 28
Total 1374 1173 + 17 + 14 + 15
Crop Protection
Product line
Selective
herbicides 281 245 + 15 + 12 + 14
Non-selective
herbicides 165 145 + 14 + 12 + 12
Fungicides 290 224 + 30 + 27 + 27
Insecticides 209 212 - 1 - 2 - 2
Professional
products 190 171 + 9 + 6 + 6
Others 31 19 + 62 + 54 + 54
Total 1166 1016 + 15 + 12 + 13
Regional
Europe, Africa
and Middle
East 394 342 + 15 + 8 + 8
NAFTA 299 289 + 4 + 4 + 4
Latin America 286 228 + 25 + 25 + 26
Asia Pacific 187 157 + 19 + 17 + 18
Total 1166 1016 + 15 + 12 + 13
Seeds
Product line
Field Crops 87 58 + 48 + 44 + 44
Vegetables and
Flowers 121 99 + 23 + 18 + 18
Total 208 157 + 32 + 28 + 28
Regional
Europe, Africa
and Middle
East 97 92 + 5 - 3 - 3
NAFTA 58 22 + 164 + 164 + 164
Latin America 36 30 + 20 + 20 + 20
Asia Pacific 17 13 + 29 + 25 + 25
Total 208 157 + 32 + 28 + 28
- (1) Product line variances take into account
minor reclassifications made in 2004
- (2) Growth at constant exchange rates
- (3) Growth at constant exchange rates excluding
the effects of range rationalization
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