Syngenta Group current year's first half sales increased by 2 percent to more than $12 billion compared to the same period last year. 

 

This corresponds to growth of 5 percent on an underlying basis adjusted for one-off change of control royalty income in Seeds and the impact of mandatory ADAMA and Sinofert production site relocations in China. All four business units, Syngenta Crop Protection, ADAMA, Syngenta Seeds and Syngenta Group China, increased their underlying sales in comparison to the previous year. 

 

Syngenta Group managed the impacts of COVID-19 well in the first half of 2020, maintaining supply throughout despite the challenging market environment and the need for innovative solutions to overcome logistical difficulties.

 

Erik Fyrwald, CEO, Sygenta Group said, “I am pleased that our team delivered strong performance across all of Syngenta Group’s business units despite the COVID-19 pandemic, low grain prices and significant currency headwind. This demonstrates that our strategy to deliver the broadest range of sustainable, innovative, and competitive products and services to farmers worldwide is robust, even in these extraordinary times. Our goal is to be a supplier that our customers can always rely on despite any challenges.”

 

Chen Lichtenstein, CFO, Syngenta Group said, “We achieved a robust first half with strong sales performance supported by cost discipline. For the second half of the year, we will continue to build on our positive momentum.”

 

The sector full year outlook remains challenging, with low grain prices and currency headwinds in developing markets. Further impacts of the COVID-19 pandemic add to second half uncertainty. The Syngenta Group remains committed to achieving underlying growth and leadership in sustainable agricultural innovation.

 

Total sales in Syngenta’s Crop Protection business grew 6 percent (12 percent CER) to $5.5 billion, with growth in all regions. In the first half of 2020, ADAMA delivered total sales of $2 billion, in line with the prior year but 7 percent higher CER.

 

Syngenta Seeds business unit grew sales 2 percent (4 percent at CER) to $1.6 billion. Underlying growth was 7 percent. Syngenta Group China, encompassing crop protection, crop nutrition, seeds, MAP and Digital business, generated sales of $3.4 billion, with an underlying growth of 3 percent compared to the previous year despite lower selling prices of crop nutrition.