• Reported sales up 9 per cent to $5.7 billion

• Crop Protection sales up 7 per cent (1) to $4.3 billion

• New products sales 15 per cent(1) higher at $760 million

• Seeds sales up 4 per cent(1) to $1.4 billion

• Earnings per share(2) up 16 per cent to $12.13

• Free cash flow $306 million: full year cash return increased to around $1 billion

(1) Growth at constant exchange rates, see Appendix A. (2) EPS on a fully-diluted basis, including $50 million non-recurring income, excluding restructuring and impairment. (3) Net income attributable to shareholders of Syngenta AG.

Michael Pragnell, Chief Executive Officer, said:

"In strong agricultural markets Syngenta’s broad and innovative portfolio captured numerous opportunities and delivered a strong financial performance. Crop Protection increased sales in all regions and across all product lines, with notable performances in Europe and Latin America. Professional Products growth was driven by Seed Care, augmented by a first year contribution from Fafard in Lawn & Garden. New products again generated double digit growth. In Seeds, an unprecedented shift in US acreage from soybean to corn was reflected in higher corn sales, offsetting lower soybean sales which, in the short term, is adverse to margin; our new corn rootworm trait is performing well following initial introduction; Vegetables sustained its growth record and Flowers capitalized on market recovery. Further strategic progress was made in Seeds with the acquisition of Fischer Flowers and, in vegetables, Zeraim Gedera of Israel; in China, a corn seeds joint venture with SanBei was reinforced by a research collaboration with the Institute of Genetics and Developmental Biology in Beijing. Good progress was made across the R&D pipeline. Volume growth underpinned by further efficiency savings led to strong profit performance and free cash flow delivery, accompanied by additional investment in future growth."
 

Full report (PDF)
- Half year results 2007
- Halbjahresabschluss 2007
- Résultats du premier semestre 2007

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 2006 were approximately $8.1 billion. Syngenta employs around 19,500 people in over 90 countries. Syngenta is listed on the Swiss stock exchange (SYNN) and in New York (SYT). Further information is available at www.syngenta.com.