Swiss Syngenta’s Q3 sales rise by 6% to $2.7bn

23 October 2012 06:59  [Source: ICIS news]

SINGAPORE (ICIS)--Syngenta reported a 6% year-on-year rise in sales to $2.7bn (€2.08bn) as a result of “excellent performance” in Latin America, the Swiss agrochemicals firm said on Tuesday.

Sales reached a record level of $11bn for the first nine months of 2012, the company added.

“Continued growth in the third quarter demonstrates the breadth of our portfolio and the gathering momentum of our strategy.

“In Latin America, where Brazil is in its third year of integration, we are starting to realize the full potential of our leading commercial offers and new technologies,” said Mike Mack, Syngenta’s CEO.

Looking ahead, the company intends to maintain a high level of profitability through continued investment in growth opportunities.

“For the full year 2012, we expect an increase in the EBITDA margin at constant exchange rates and strong growth in earnings per share,” he added.

($1 = €0.77)

By: Surinder Malhi
+65 6780 4327

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