Seed World

Syngenta Announces Expanded Pipeline in 2015 Half-Year Results

Syngenta CEO Mike Mack

Reporting its 2015 half-year results, Syngenta announces an expanded pipeline with peak sales potential of over $3.6 billion.
“In 2015 our industry has experienced continuing softness in crop prices and low farm incomes. Despite these challenges, and our decision to reduce sales of glyphosate, we achieved sales growth at constant exchange rates of three percent in the first half,” says Syngenta chief executive officer Mike Mack.
“We have been able to largely offset currency depreciation in emerging markets through determined price increases and this, together with our hedging program, has mitigated the impact of currencies on EBITDA. The realization of the first savings from our Accelerating Operational Leverage program has contributed to substantial margin improvement, demonstrating that we are on track to deliver a sustainable improvement in profitability.
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