Syngenta Group has announced its full year and fourth quarter 2021 results. Sales for full year 2021 grew 23 percent ($5.2 billion) year-on-year to $28.2 billion as against $23 billion in 2020. EBITDA for 2021 was $4.6 billion, 14 percent higher year-on-year.

 

Sales in the fourth quarter were $7.2 billion, up 17 percent compared to the prior year period. Fourth-quarter EBITDA increased 4 percent to $1.1 billion.

 

Syngenta Group’s growth was above market, fueled by demand for products and services that help farmers increase yields.

 

Syngenta Group China delivered strong growth across all segments with total sales of $7.4 billion in 2021. MAP revenues more than doubled to $1.8 billion and expanded to 492 centers (167 new) across China (average MAP center sales were up 43 percent year over year), equipping farmers with solutions that reduce greenhouse gases.

 

Syngenta Group managed its supply chains in the face of difficult procurement and ongoing logistics challenges to meet grower needs.

 

Synergy-driven sales increased by more than 60 percent to more than $0.7 billion, with a profit contribution of $0.3 billion.

 

In 2021, Syngenta Crop Protection sales grew 19 percent to $13.5 billion.  

 

Sales in Europe, Africa and the Middle East grew 11 percent; North America 14 percent; Latin America 26 percent; Asia Pacific (excluding China) 19 percent; and China 27 percent.

 

Syngenta Crop protection saw increasing growth of ISABION, a biostimulant which increases harvest quality and yield by improving plant nutrition.

 

ADAMA sales grew by 24 percent in 2021, with continued robust growth in all regions, resulting in full-year sales of $5.8 billion.

 

Driven by the positive start of the autumn season, Europe grew 4 percent; North America 18 percent; Latin America 17 percent; India, Middle East and Africa 14 percent; Asia Pacific (excluding China) 16 percent; and China 59 percent. Sales benefited from the acquisition of Huifeng’s crop protection business, completed in Q2 2021.

 

ADAMA continues to strengthen its presence in the biologicals space with the launch in Europe of VIGNEXEL, a plant extract biostimulant for the treatment of abiotic stress in vines.

 

In 2021, Syngenta Seeds sales grew 24 percent to $4.1 billion.

 

Field crop sales in Europe, Africa and the Middle East grew by 8 percent; North America 5 percent; Latin America 26 percent; and Asia Pacific (excluding China) 6 percent. Sales in China more than tripled due to the consolidation and growth of Winall and higher sales across field crops overall. Vegetable Seeds saw growth in all regions, resulting in a 7 percent increase in sales. Flowers recovered from a challenging year in 2020 and recorded sales growth of 17 percent.

 

Syngenta Group China, consisting of the Group’s seeds, crop protection, crop nutrition, MAP and digital activities in China, achieved sales of $7.4 billion in 2021 and grew 41 percent compared to the previous year. MAP and digital revenues more than doubled.

 

Syngenta Group China’s Crop Protection business increased sales by 30 percent despite supply chain challenges in the fourth quarter.

 

Sales of Seeds, including vegetables, more than tripled, driven by the launch of new rice and vegetable varieties and following the addition of Winall. Crop Nutrition sales increased 15 percent benefiting from high growth of specialty products.