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FULL YEAR: SYNGENTA GROUP'S SALES UP 5%, EARNINGS UP 3%
Source: Syngenta Group news release

Syngenta Group Co., Ltd. ("Syngenta Group" or the "Group") today announced its first full year results since its official launch in June 2020. Syngenta Group sales for full year 2020 (all figures in USD) were $23.1 billion, achieving an increase of +5 percent (+12 percent at constant exchange rates (CER)) compared to pro forma 2019 results for Syngenta Group and despite a $1.5 billion currency headwind. EBITDA for 2020 was $4.0 billion, +3 percent higher year on year.

Following the public reporting of financial results for its subsidiaries Syngenta AG (to bondholders), ADAMA Ltd. (SHE: 000553), Sinofert Holdings (SEHK: 0297), and Yangnong Chemical (SHA: 600486) Syngenta Group summarizes its consolidated financial performance (unaudited) for 2020 as follows:

*The Group sales for 2020 of $23.1 billion, +5 percent year on year, +12 percent at CER, offsetting a $1.5 billion currency headwind, with all businesses delivering strong sales growth

*The Group EBITDA for 2020 of $4.0 billion, +3 percent year on year, despite the impact of non-repeated change of control royalties and one-off gains on disposal of assets in 2019 as well as the impact of mandatory production relocation which reduced growth by 6 percent

*Successful management of COVID-19 impact helped ensure safety of our people and continuity of supply for our customers and growers around the world

*Currency weakness against USD linked to COVID-19 more than offset by strong business growth and price increases, alongside successful function cost control

*Completed acquisition of biologicals company Valagro.

To read the entire report click here.


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