Syngenta Posts Increase In Q3 Sales
Syngenta posted third-quarter sales of $2.66 billion, an increase of 21% from last year's $2.2 billion. At constant exchange rates, sales rose 16%.
Mike Mack, chief executive officer, said, "In the third quarter of 2011, positive volume momentum continued and crop protection pricing improved as a result of the actions we have implemented. Our performance reflects the breadth of our portfolio, augmented by rapid growth in new crop protection products and the expansion of our corn trait coverage. In addition we expect the launch of integrated offers, such as our solutions for soybean in Latin America, to further reinforce our market positions."
Going ahead, for the full year, the company said it expects substantial top line growth, higher profitability at constant exchange rates and a significant increase in free cash flow.
