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Syngenta Group reports 2021 performance, growing 23%

Syngenta Group today announced full year and fourth quarter 2021 results. Sales for full year 2021 grew 23 percent ($5.2 billion) year-on-year to $28.2 billion. EBITDA for 2021 was $4.6 billion, 14 percent higher year-on-year.

Sales in the fourth quarter were $7.2 billion, up 17 percent compared to the prior year period. Fourth-quarter EBITDA increased 4 percent to $1.1 billion.

Syngenta Group’s growth was above market, fueled by demand for products and services that help farmers increase yields.

Syngenta Group China delivered strong growth across all segments with total sales of $7.4 billion in 2021. MAP revenues more than doubled to $1.8 billion and expanded to 492 centers (167 new) across China (average MAP center sales were up 43 percent year over year), equipping farmers with solutions that reduce greenhouse gases.

Syngenta Group managed its supply chains in the face of difficult procurement and ongoing logistics challenges to meet grower needs.

Synergy-driven sales increased by more than 60 percent to more than $0.7 billion, with a profit contribution of $0.3 billion.

Read the complete report here

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