Syngenta announced that its 2014 annual report is now available.
The report consists of the following documents:
- Annual review, incorporating the Corporate Responsibility Report
- Financial report
- Corporate governance report and compensation report
“The complexion of this industry changes every year. However, I think 2014 is going to be remembered in no small part by a lot of political upheaval, as well as a lot of volatility in the currency markets. That said, Syngenta reached $15 billion in sales for the first time. Our integrated sales were up by 6 percent on a cost-and-exchange rate basis. EBITDA was 7 percent on a cost-and-exchange rate basis — of course, it was impacted by currency,” Syngenta CEO Mike Mack said in a video posted to Syngenta’s website.
According to Mack, Syngenta saw growth in three out of the company’s four global regions. Headlining things was Europe/Africa/Middle East, where the company saw $4.5 billion in integrated sales, up from $4.2 billion in 2013. Growth in Asia Pacific was 10 percent, with integrated sales up from $1.9 billion in 2013 to $2 billion in 2014. Growth in Latin America was 9 percent at $4.3 billion, up from $4 billion in 2013.
Sales were down in Syngenta’s North American region, where integrated sales fell 6 percent compared to 2013. “It was a difficult year in [North America in] 2014. We got off to a late start with the late spring, and that depressed some of the sales of our leading pre-emergant herbicide line and corn acres themselves were down.”
The report is available at www.syngenta.com/ar2014.
