EBITDA increases 13 per cent to $0.8 billion
Leading agriculture innovation company Syngenta Group announced strong sales growth for the third quarter and the first nine months ending on September 30, 2021. Sales in the third quarter were $6.5 billion, up 27 per cent compared to the prior-year period (+24 per cent at CER). Third-quarter EBITDA increased 13 per cent (+20 per cent at CER) to $0.8 billion.
Sales for the first nine months grew 25 per cent ($4.2 billion) year-on-year (+20 per cent at CER) to $21.0 billion. EBITDA for the 9 months stood at $3.5 billion, 18 per cent higher year-on-year (+22 per cent at CER).
In the first nine months of 2021, Syngenta Crop Protection sales grew 19 per cent (+17 per cent at CER) to $9.9 billion.
Sales in Europe, Africa and the Middle East grew 12 per cent; in North America, sales increased by 15 per cent; sales in Latin America grew 27 per cent; sales in the Asia Pacific (excluding China) grew 20 per cent; and in China, sales increased by 33 per cent.
In the first nine months of 2021, ADAMA sales grew by 19 per cent (+16 per cent at CER), with continued robust growth in all key regions, pushing year-to-date sales to $4.2 billion. ADAMA continues to address higher procurement and production costs.
Syngenta Seeds sales grew 25 per cent (+23 per cent at CER) to $2.8 billion in the first nine months of 2021. Syngenta Group China, consisting of the Group’s seeds, crop protection, crop nutrition, digital activities in China and MAP, achieved sales of $5.9 billion in the first nine months of the year and grew 49 per cent compared to the previous year (+37 per cent at CER).
