Syngenta Group announced a sales increase of $5.2 billion across all units in their full-year 2021 performance report. According to the press release, the report includes data from all business units, including Syngenta AG, Syngenta Group China, ADAMA Ltd., Sinofert Holdings, Winall Hi-tech Seed, and Yangnong Chemical.
According to the report, the company's growth this year was "fueled by demand for products and services that help farmers increase yields." Full-year group sales increased from $23 billion to $28.2 billion, a 23% increase over 2020. According to the press release, EBITDA increased 14 percent from $4 billion to $4.6 billion.
Sales increased by 17 percent in the fourth quarter, rising from 6.2 percent to 7.2 percent. The increase in EBITDA was 4%. Sales of biological products increased by 27%, while "synergy-driven sales increased by more than 60% to more than $0.7 billion, with a profit contribution of $0.3 billion." according to the report.
Syngenta Group China Sales
According to the press release, Syngenta Group China, which includes the company's seeds, crop protection, crop nutrition, MAP, and digital activities in China, saw the most growth.
"In 2021, Syngenta Group China achieved strong growth across all segments, with total sales of $7.4 billion." According to the report, "MAP revenues more than doubled to $1.8 billion and expanded to 492 centres (167 new) across China (average MAP centre sales were up 43 percent year over year), providing farmers with solutions that reduce greenhouse gases."
Syngenta Crop Protection Sales
Syngenta Crop Protection increased its sales by 19%, from $11.4 billion to $13.5 billion. According to the data from the press release, the fourth quarter brought in $3.5 billion, up 17 percent from $3 billion.
The PLINAZOLIN technology insecticide's initial registration has been completed. According to the report, this technology gives growers a new option for pest control. According to the press release, VAYANTIS, a seed treatment fungicide, and VESTORIATM, a product designed to assist smallholder rice farmers in controlling brown planthopper damage, were also successfully launched in 2021.
ADAMA Sales
According to the report, ADAMA sales "grew by 24 percent in 2021, with continued robust growth in all regions, resulting in full-year sales of $5.8 billion." Q4 revenue increased by 21%, from $1.3 billion to $1.5 billion.
According to the data, ADAMA launched VIGNEXEL, a plant extract biostimulant used to treat abiotic stress in vines, and it was a huge success.
Syngenta Seeds Sales
Syngenta Seeds increased its revenue by 24%, from $3.3 billion to $4.1 billion, more than tripling its sales from 2020. According to the data provided in the report, sales increased by 23% in Q4 from $1.1 billion to $1.3 billion.
