Syngenta Third quarter 2012: sustained sales growth

             Syngenta Third quarter 2012: sustained sales growth

- Sales up 6 percent at constant exchange rates to $2.7 billion

- Strong start to Latin American season: sales up 18 percent

- 9 month sales reach record level: $11 billion

PR Newswire

BASEL, Switzerland, Oct. 23, 2012

BASEL, Switzerland, Oct. 23, 2012 /PRNewswire/ --Sales in the third quarter
of 2012 increased by 6 percent at constant exchange rates driven by an
excellent performance in Latin America. Sales in the first nine months of the
year increased by 9 percent to reach a record $11 billion, with volume up 6
percent and prices up 3 percent.

Third quarter regional sales

Total integrated sales increased by 7 percent at constant exchange rates. In
Latin America, a strong start to the season drove sales growth of 18 percent,
with expansion across all product lines. High soybean prices are leading to
acreage expansion and increased investment by soybean growers in Brazil and
Argentina. Sales of crop protection for sugar cane doubled as a result of
rapid technology adoption. In Asia Pacific, sales increased 3 percent.
Significant growth in Corn seeds, notably in South East Asia, demonstrates the
continuing momentum of an enhanced corn portfolio. Vegetables seeds showed a
marked recovery with double digit growth. Crop protection sales were lower in
Japan and also in India, owing to a delayed monsoon; expanding seed care use
across the region was reflected in sales growth of more than 50 percent.

In Europe, Africa and the Middle East, the success of the integrated hybrid
barley product offer drove sales particularly in Germany and Northern Europe.
Eastern Europe maintained its record of broad-based growth, with sales in the
CIS up by almost 20 percent. Overall crop protection sales in the low season
were unchanged after a strong first half, with significant growth in
fungicides offsetting lower herbicide and insecticide sales. In North America,
crop protection sales were broadly unchanged despite a reduction in fungicide
applications due to drought and a shift in selective herbicides phasing to the
fourth quarter. Non-selective herbicides and seed care grew strongly; in
addition, sales of FORCE^® tripled with increasing grower awareness of
resistance to a competitor's corn rootworm trait.

Third quarter product line sales

Growth in Selective herbicides in Latin America largely offset lower sales in
Europe and in North America. Non-selective herbicides sales increased 13
percent reflecting strong demand in Latin America and an increase in REGLONE^®
sales in Canada. Fungicides in Europe  were driven by AMISTAR^® and by the new
product REVUS^®. This, together with growth in Latin America, more than offset
the impact of drought in North America. Insecticides sales reflected strong
performances by DURIVO^® [ ]in all regions, ACTARA^® in Latin America and
FORCE^®  in the USA. In Seed care, increasing recognition of the yield and
vigor benefits offered by CRUISER^® was reflected in sales growth of over 30
percent; adoption of AVICTA^® against nematodes accelerated.

Growth  in Corn and soybean sales was driven by Latin America and by Asia
Pacific, where new corn hybrids were introduced in Indonesia and the trait
offer in the Philippines expanded. This more than offset end-of-season
adjustments in North America and Europe. Diverse field crops sales, which
include hybrid barley seeds, were up by 35 percent. Vegetables sales continue
to be affected by weak consumer demand in southern Europe and North America,
but grew strongly in Latin America and Asia Pacific.

Third quarter Lawn and Garden sales

The divestment of Fafard in North America reduced sales by $10 million.

Crop pipelines

In 2012 Syngenta has held two crop updates focusing on four of its strategic
crops: Cereals, Corn, Rice and Vegetables. Increased pipeline targets for
these crops support a revised total sales target for all eight key crops of
$25 billion by 2020. These targets comprise growth in the existing portfolio
and the launch of new products, with an increasing emphasis on integrated
offers reflecting the new R&D and crop team structure.

Acquisitions

Du Pont Professional Products insecticide business (announced 29 August)

The acquisition will strengthen the Lawn and Garden leadership position and
reflects its strategic focus on high value chemistry and genetics.

Pasteuria Bioscience (announced 19 September)

The acquisition adds a unique biological technology platform for nematode
control to Syngenta's extensive portfolio of biological solutions.

Devgen acquisition offer (public offer announced on 21 September)

The intended acquisition would enable Syngenta to combine its leading crop
protection portfolio for Rice with Devgen's rice hybrids and broad germplasm
diversity. In addition, Devgen would bring proven expertise in RNAi-based
insect control.

Outlook

Mike Mack, Chief Executive Officer said: "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. This, together with the increase in
our targets for key crops, gives us increased confidence in our long term
growth potential. We will continue to invest in growth opportunities while
maintaining a high level of profitability. For the full year 2012, we expect
an increase in the EBITDA margin at constant exchange rates and strong growth
in earnings per share."

Syngenta is one of the world's leading companies with more than 26,000
employees in over 90countries dedicated to our purpose: Bringing plant
potential to life. Through world-class science, global reach and commitment to
our customers we help to increase crop productivity, protect the environment
and improve health and quality of life. For more information about us please
go to www.syngenta.com.

Unaudited third quarter sales

                                               Q3 2012 Q3 2011 Actual CER^1
Group sales
                                               $m      $m      %      %
 Europe, Africa and Middle East                579     644     -10    +2
 North America                                 460     484     -5     -4
 Latin America                                 1,114   949     +17    +18
 Asia Pacific                                  398     418     -5     +3
 Total regional sales                          2,551   2,495   +2     +7
 Lawn and Garden^2                             147     168     -13    -8
 Group sales                                   2,698   2,663   +1     +6
Crop Protection by region
 Europe, Africa and Middle East                453     511     -12    -
 North America                                 416     425     -2     -1
 Latin America                                 924     765     +21    +21
 Asia Pacific                                  337     374     -10    -2
 Total                                         2,130   2,075   +3     +7
Seeds by region
 Europe, Africa and Middle East                129     135     -4     +8
 North America                                 53      66      -18    -18
 Latin America                                 199     187     +6     +6
 Asia Pacific                                  61      45      +36    +48
 Total                                         442     433     +2     +7
Sales by business
 Crop Protection                               2,130   2,075   +3     +7
 Seeds                                         442     433     +2     +7
 Elimination of Crop Protection sales to Seeds -21     -13     n/a    n/a
 Total regional sales                          2,551   2,495   +2     +7
 Lawn and Garden^2                             147     168     -13    -8
 Group sales                                   2,698   2,663   +1     +6



1 Growth at constant exchange rates.
  Includes product lines Professional Products and Flowers. Professional
2 Products were formerly reported under Crop Protection and Flowers under
  Seeds.



                                               Q3 2012 Q3 2011 Actual CER^1
Product line sales
                                               $m      $m      %      %
 Selective herbicides                          428     453     -5     -1
 Non-selective herbicides                      351     321     +9     +13
 Fungicides                                    554     565     -2     +2
 Insecticides                                  456     436     +5     +10
 Seed care                                     303     256     +18    +24
 Other Crop Protection                         38      44      -16    -10
 Total Crop Protection                         2,130   2,075   +3     +7
 Corn and soybean                              182     175     +4     +5
 Diverse field crops                           104     84      +24    +35
 Vegetables                                    156     174     -10    -4
 Total Seeds                                   442     433     +2     +7
 Elimination of Crop Protection sales to Seeds -21     -13     n/a    n/a
 Lawn and Garden^2                             147     168     -13    -8
 Group Sales                                   2,698   2,663   +1     +6



1 Growth at constant exchange rates.
  Includes product lines Professional Products and Flowers. Professional
2 Products were formerly reported under Crop Protection and Flowers under
  Seeds.



Unaudited nine months sales

                                      9 months 2012 9 months 2011 Actual CER^1
Group sales
                                      $m            $m            %      %
 Europe, Africa and Middle East       3,587         3,568         +1     +7
 North America                        3,241         2,735         +19    +19
 Latin America                        2,157         1,981         +9     +10
 Asia Pacific                         1,395         1,444         -3     -
 Total regional sales                 10,380        9,728         +7     +10
 Lawn and Garden^2                    583           637           -8     -6
 Group sales                          10,963        10,365        +6     +9
Crop Protection by region
 Europe, Africa and Middle East       2,585         2,604         -1     +6
 North America                        2,155         1,872         +15    +16
 Latin America                        1,850         1,699         +9     +10
 Asia Pacific                         1,214         1,283         -5     -2
 Total                                7,804         7,458         +5     +8
Seeds by region
 Europe, Africa and Middle East       1,018         977           +4     +11
 North America                        1,106         876           +26    +26
 Latin America                        331           291           +14    +14
 Asia Pacific                         182           164           +11    +19
 Total                                2,637         2,308         +14    +18
Sales by business
 Crop Protection                      7,804         7,458         +5     +8
 Seeds                                2,637         2,308         +14    +18
 Elimination of Crop Protection sales -61           -38           n/a    n/a
 to Seeds
 Total regional sales                 10,380        9,728         +7     +10
 Lawn and Garden^2                    583           637           -8     -6
 Group sales                          10,963        10,365        +6     +9



1 Growth at constant exchange rates.
  Includes product lines Professional Products and Flowers. Professional
2 Products were formerly reported under Crop Protection and Flowers under
  Seeds.



                                      9 months 2012 9 months 2011 Actual CER^1
Product line sales
                                      $m            $m            %      %
 Selective herbicides                 2,350         2,200         +7     +10
 Non-selective herbicides             948           886           +7     +10
 Fungicides                           2,286         2,294         -      +3
 Insecticides                         1,328         1,294         +3     +6
 Seed care                            787           686           +15    +19
 Other Crop Protection                105           98            +7     +11
 Total Crop Protection                7,804         7,458         +5     +8
 Corn and soybean                     1,450         1,137         +28    +29
 Diverse field crops                  653           599           +9     +14
 Vegetables                           534           572           -7     -2
 Total Seeds                          2,637         2,308         +14    +18
 Elimination of Crop Protection sales -61           -38           n/a    n/a
 to Seeds
 Lawn and Garden^2                    583           637           -8     -6
 Group Sales                          10,963        10,365        +6     +9



1 Growth at constant exchange rates.
  Includes product lines Professional Products and Flowers. Professional
2 Products were formerly reported under Crop Protection and Flowers under
  Seeds.



Cautionary Statement Regarding Forward-Looking Statements

This document contains forward-looking statements, which can be identified by
terminology such as 'expect', 'would', 'will', 'potential', 'plans',
'prospects', 'estimated', 'aiming', 'on track' and similar expressions.Such
statements may be subject to risks and uncertainties that could cause the
actual results to differ materially from these statements.We refer you to
Syngenta's publicly available filings with the U.S. Securities and Exchange
Commission for information about these and other risks and
uncertainties.Syngenta assumes no obligation to update forward-looking
statements to reflect actual results, changed assumptions or other
factors.This document does not constitute, or form part of, any offer or
invitation to sell or issue, or any solicitation of any offer, to purchase or
subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall
it form the basis of, or be relied on in connection with, any contract
therefor.



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SOURCE Syngenta

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