Syngenta Group Newsroom

• Q3 2024 Group sales at $6.8 billion, flat versus prior year (up 4% at CER)
  • 9M Group sales at $21.4 billion
• Q3 2024 Group EBITDA at $0.7 billion, up 112% (159% at CER) versus prior year
  • 9M Group EBITDA at $2.7 billion
• Syngenta Group sales showed overall improved momentum in Q3 with Syngenta Group China delivering double digit sales growth 
• Adverse weather conditions and prolonged destocking affected the first 9 months of 2024 
• Channel inventories approaching normal levels with continued strong demand for new innovative technologies 
• Sales in Argentina affected by overall market decline, due to weather and disease pressure
• Continued focus on operational efficiency, productivity and cash flow generation
• Ongoing investments in R&D for sustainable innovation to drive long-term growth
• EBITDA improvements in Q4 2024 expected, also supported by rigorous financial discipline
• Market environment expected to gradually recover after the first half of 2025

• Group also maintains top 5 global employer status in 2024 ranking

• H1 2024 Group sales at $14.5 billion, -17% (-15% at CER) versus prior year
  • Q2 Group sales at $7.2 billion
• H1 2024 Group EBITDA at $2.1 billion, -36% (-30% at CER) versus prior year
  • Q2 EBITDA at $0.8 billion
• Results affected by continued destocking and higher just-in-time purchasing by distributors and retailers 
• Decline in agricultural commodity prices and adverse weather conditions decreased demand for crop inputs in the reporting period
• Margin deterioration relative to a strong H1 in 2023, which reflected the strong market of 2022; channel destocking further accentuated in H2 2023
• Syngenta remains focused on operational efficiency, productivity and driving improved cash flow
• Market expected to stabilize in H2 of 2024; EBITDA improvement against lower H2 baseline
• Continued investment in R&D and innovation in support of long-term competitive position

• Providing rights to academic research globally aimed at enabling solutions to   complex challenges and driving sustainability in food and agriculture
• Expanding the potential of CRISPR-based technologies through the collaborative innovation platform Shoots by Syngenta   

• Strengthening of a unique NGO-corporation collaboration model that links conservation goals with economic potential and addresses societal issues like deforestation and land degradation.
• Extension of multi-year agreement that started in 2018, focusing on five strategic projects across the globe.
• By 2026, ambitious target to recover over 300 thousand hectares of degraded land in Cerrado Brazil and regenerate agricultural soils in China with a focus to impact the agricultural sector for the adaption of sustainable farming practices. In the US the focus lies in enhancing climate resilience of crop land
• Collaboration and innovation drive the transformation of agriculture into a climate solution that regenerates soil and nature.

• ADEPIDYN® technology on track to be first of Syngenta’s crop protection active ingredients to attain billion-dollar annual sales within eight years of commercialization
• Following registration approval in Great Britain, farmers in more than 55 countries now have access to this powerful fungicide
• Success reflects Syngenta’s innovation leadership in fungicides and the SDHI mode of action, and in bringing to market products with strong sustainability attributes

• Q1 2024 Group sales at $7.4 billion, -20% (-18% at CER) versus prior year
• Q1 2024 EBITDA at $1.2 billion, -34% (-26% at CER) versus prior year  
• Results in line with expectations for first quarter 2024 amid continued destocking by distributors and retailers
• Group announces new sustainability priorities, fully embedding sustainability in its business strategy, while adding a new level of transparency

Q4 saw continued demand for new, innovative crop protection products; double-digit growth in China

• FY 2023 Group sales at $32.2 billion, -4% versus prior year
  • Q4 Group sales grew to $7.9 billion, +5% versus prior year
• FY 2023 EBITDA at $4.6 billion, -18% versus prior year
  • Q4 EBITDA at $1.0 billion, +15% versus prior year
• Syngenta Group China achieved strong 11% year-over-year sales growth, reaching $9.6 billion in FY 2023
  • FY 2023 MAP and digital sales in China grew 26% versus prior year
• Continued demand in an overall challenging Crop Protection market environment for new innovative technologies
  • Insect-control products containing PLINAZOLIN^® technology achieving particularly strong sales across Brazil and Asia Pacific 

• New facilities are some of the most advanced in the world and will be accredited internationally to serve growers in India and beyond
• Investment supports “Make in India” and India’s vision to become a key global seed exporter
• New lab becomes part of Syngenta’s global network of Quality Control labs, supporting the company’s mission to deliver the highest quality vegetable seed products to growers  

• New R&D facilities will play critical role in bringing high-quality vegetable seeds to growers around the world
• Investments include modern greenhouses, laboratories, a seed processing area and digital solutions to enhance efficiencies in breeding processes
• El Ejido joins Syngenta’s growing network of sites across Europe and other regions, aiming to accelerate the breeding process using modern tools and new capabilities

• Syngenta’s US manufacturing facility recognized for the first time in EPA’s Top 100 users of green power
• Hydropower a major source of power at Monthey, Switzerland site
• Further progress in actions to decarbonize energy and heat in own operations, and decreasing sector’s footprint

Syngenta Group has appointed Feroz Sheikh as Chief Information and Digital Officer, effective January 1, 2022. Sheikh, based in Basel, will join the extended Syngenta Group leadership team and report to the CEO.

• PLINAZOLIN® technology is the trademark of a new active ingredient that protects plant health with outstanding performance on a wide range of harmful pests that affect key crops
• Featuring a novel Mode of Action, PLINAZOLIN® technology helps growers manage resistant and difficult to control pests, through targeted spray programs
• Growers in Argentina will be the first in the world to access this modern tool, following regulatory approvals, that replaces older chemistries

ADAMA and Jiangsu Huifeng Bio Agriculture Co., Ltd reported that they have completed the second and final phase of their previously announced transaction.

Syngenta and Valagro have decided not to pursue their interest for SICIT Group and to abandon the intention to launch a voluntary tender offer over SICIT Group's shares

Syngenta together with Valagro would like to confirm that they both remain interested in pursuing a potential transaction involving SICIT Group.

Syngenta together with Valagro would like to confirm that the two companies have submitted a non-binding expression of interest to the Board of Directors of SICIT Group.

Robust business growth yields increased profits in the first quarter

• Sales grew by 14% to a Q1 record-high of $1,109 million, driven by continued robust 15% volume growth
• Adjusted EBITDA higher by 2%, reaching $157 million
• Reported net income of $23 million (Q1 2020: loss of $2 million)
• Adjusted net income up 25% to $52 million

Syngenta Group announced today that Daniel Vennard, former Global Director at the World Resources Institute, will join as Chief Sustainability Officer on July 26, 2021.

Robust business growth and increased profits in the fourth quarter conclude a resilient performance in a challenging year

Fourth Quarter 2020 Highlights

• Sales grew 10.2% (+17.0% at Constant Exchange Rates, CER) to an all-time Q4 record-high of $1,141 million, driven by robust volume growth across all regions, and achieved despite an estimated $71 million impact from weaker currencies versus Q4 2019
• Adjusted EBITDA of $168 million, up 8.4% versus Q4 2019, despite an estimated $59 million negative FX impact
• Reported net income of $19 million, compared to a loss of $74 million in Q4 2019
• Adjusted net income up 10.3% to $53 million, despite an estimated $54 million in FX headwinds

• VAYANTIS® fungicide contains picarbutrazox, a new seed treatment developed to protect corn and soybean seedlings from key diseases such as Pythium
• VAYANTIS® fungicide brings a major innovation to the control of Pythium diseases and adds a novel mode of action to Syngenta’s leading Seedcare portfolio, supported by best-in-industry expertise and the Seedcare Institute Global Network
• Picarbutrazox was discovered by Nippon Soda and licensed to Syngenta under the terms of a global seed treatment licensing agreement

• Syngenta Group supports student-led initiative St. Gallen Symposium to foster intergenerational and cross-cultural global dialogue
• Group promotes science-based regenerative agriculture to curb climate change
• Partnership underlines Syngenta Group’s commitment to promote academic and scientific collaboration in Switzerland and across the world

• Enogen corn for feed delivers potential 5% increase in feed efficiency
• Innovative technology offers significant opportunity for farmers to reduce environmental footprint of livestock production through reduced emissions and natural resource usage
• Potential environmental benefits per 1,000 cattle include savings equivalent to removing 35 passenger cars from the road for one year and powering 22 homes for one year
• Supports Syngenta Group’s $2 billion global commitment to reduce agriculture’s carbon footprint and help farmers fight climate change

• Multi-year collaboration will use artificial intelligence (AI) and deep learning to accelerate the invention of new, more sustainable products and technologies for growers
• Insilico Medicine is a world leader in using AI and deep learning for the faster and more efficient innovation of new active ingredients
• Syngenta will harness the immense potential and scope of AI to develop the next generation of sustainable crop protection solutions

• A cutting-edge Syngenta Group China Innovation Center will be built within the National Innovation Center for Modern Agri-technology (Nanjing), facilitating its ambitious plans to build an “Agricultural Silicon Valley”
• The new innovation center will be part of Syngenta Group’s global R&D and innovation network and will address key agricultural challenges worldwide

• Syngenta Group achieves milestone of 125 million acres of farmland actively managed by growers using the Group’s digital services 
• Syngenta Group is the only agricultural company to have leading digital service platforms in the top four agriculture markets: The United States, Brazil, China and Eastern Europe
• The Group’s industry-leading digital services range include advanced scouting, seeds selection, imagery decision support, weather risk management, financial planning, crop and farm operations management

• Syngenta Group scientists combat reality that one-third of all food produced is wasted

• Petra Laux has more than 25 years’ experience in the pharmaceutical industry
• Alexandra Brand moves to become Syngenta Crop Protection Regional Director EAME
• Syngenta Group continues to drive forward the company’s sustainability agenda

Syngenta Group announces that Syngenta AG completed a successful EUR 100 million tap of its existing EUR 800 million Eurobond, announced on 8 April and issued in three tranches on 16 April 2020, 24 April 2020 and 19 October 2020, bringing the total size of the bond to EUR 900 million. Its maturity date is in April 2026.

• Syngenta Group received its highest ranking ever in annual Science Careers Top Employers Survey
• 2020 marks 11^th time in last 12 years that company has been ranked in Top 20
• Underscores Syngenta Group’s commitment to build the best R&D team in the industry and deliver world-class innovation to growers around the world

• Syngenta Group maintained robust growth in Q3 despite challenging market conditions¹
• Q3 Group sales at $5.4 billion, 5 percent higher year-on-year (15 percent at constant exchange rate²)
• Q3 EBITDA at $733 million, 1 percent higher than in the same quarter 2019
• All businesses delivered strong sales growth at CER
• Group sales for first nine months of the year at $17.4 billion, up 3 percent year-on-year (9 percent at CER) despite a $1.1 billion currency headwind
• EBITDA for first nine months amounting to $2.95 billion, 5 percent higher year-on-year
• Syngenta Crop Protection announced acquisition of Valagro, strengthening leading position in the rapidly growing market for Biologicals
• ADAMA announced acquisition of majority stake in Huifeng’s crop protection business, significantly strengthening its position in China
• Currency volatility linked to COVID-19 partially mitigated

Syngenta Group announces that Syngenta AG completed a successful EUR 200 million tap of its existing EUR 600 million Eurobond, announced on 8 April and issued in two tranches on 16 April 2020 and 24 April 2020, bringing the total size of the bond to EUR 800 million. Its maturity date is in April 2026.

Today is World Food Day, also marking the 75th anniversary of the formation of the Food and Agriculture Organization (FAO), the United Nations agency dedicated to defeating hunger. Like so many of 2020’s major occasions, World Food Day this year will have to be celebrated under difficult circumstances, as we can come together only virtually.

• Valagro has a 40-year track record as an innovation pioneer in the field of Biologicals
• Biologicals market set to double in size over the next five years
• Acquisition reinforces Syngenta Group’s strategy to provide farmers with more complementary product and technology choices and underpins its determination to make agriculture more resilient and sustainable
• Valagro will continue to operate as an independent brand in the market, leveraging the resources of Syngenta Crop Protection to accelerate its innovation and growth

• Syngenta Group invests in first major manufacturing facility since the Group's formation
• The new plant reinforces Syngenta Group's crop protection strategy and strong commitment to Switzerland, and to providing cutting-edge innovations to farmers all around the world
• Acquired from Novartis, 70 highly-skilled employees will be retained within Syngenta Group
• Start of operations planned for Q1 2021 

• Newly formed Syngenta Group delivers a strong first half year despite challenging market conditions¹
• Group sales $12.0 billion, 2 percent higher than H1 2019 (6 percent at CER²) despite a $0.5 billion currency headwind
• EBITDA of $2.2 billion, 7 percent higher than H1 2019, (20 percent at CER)
• All four business units recorded underlying sales growth
• COVID-19 impacts well managed; supply maintained throughout
• Conditions still challenging in H2 2020, but Group stays committed to achieve growth in 2020