Syngenta Group Co., Ltd. today announced the Group’s first half year results after its formation on June 18, 2020. The Group increased sales 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, Syngenta Group CEO: “The last few months have been a very challenging time for everybody on this planet. 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.”
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Syngenta Group
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