Excellent 2012 for Crop Science Syngenta

Excellent 2012 for Crop Science Syngenta

Swiss headquartered Crop Science Company Syngenta (27000 employees in over 90 countries) reports higher sales, operating and net income

Syngenta’s sales increased 2012 by 7 % (10 % at constant exchange rates CER) or from USD 13268 million to USD 14202 million, thanks to a strong fourth quarter in North and Latin America and double digit Seeds growth in all regions. EBITDA was up 17 % (CER) to USD 3150 (USD 2905) and Net income amounted to USD 1872 million  (USD 1599 million) or +17 %.

According to CEO Mike Mack crop prices rose sharply as adverse weather conditions in several regions resulted in significant production shortfalls, once again highlighting the fragility of global supply. Growers in affected regions had to adapt quickly in terms of planting and investment decisions, while also dealing with ongoing challenges such as weed and insect resistance. The storng growth in Syngenta’s sales reflected the company’s flexibility in providing solutions across crops (among cotton) and, increasingly, in addressing agronomic challenges through our integrated offers. These are providing their worth in developed and emerging regions alike, contributing to growth rates of eight percent and 11 % respectively. The new adopted strategy two years ago are providing resultus in the field and the potential for new integrated offers have enabled us to increase target sales for our eight strategic crops to USD25 billion by 2020. In 2012 the company made a number of acquisitions to secure new technologies.

Syngenta proposes the election of two new members of the board at the occasion of the annual general meeting on April 23, 2013, namely Eleni Gabre-Madhin, co-founder and CCEO of eleni LLC, a company supporting the formation of commodity exchanges across Africa, helping to promote food security. She formerly founded and was CEO opf the Ethiopia Commodity Exchange and previously, she worked for the World Bank and the International Food Policy Research Institute. She holds an MSc in Agricultural Economics from Michigan State University and a PhD in Applied Economics from Stanford, both USA. The other proposed new member is Eveline Saupper, a partner and director with commercial law firm Homburger AG, Zurich (CH). She is also a member of the Board of Directors of Bâloise Holding AG and Hostettler, Kramarsch & Partner Holding AG. Before joining Homburger in 1985, she worked as a tax specialist with Peat Marwick Mitchell (today KPMG) in Zurich. She holds both a degree and PHD in law from the University of St. Gall (CH). She is admitted to the Bar of Zurich and is a certified tax expert. The terms of three current members of the Board will expire and Peggy Bruzelius, Peter Thompson and Felix Weber will step down. Remaining are Chairman Martin Taylor and Michael Mack and Jacque Vincent are up for re-election.

www.syngenta.com


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