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Syngenta reports FY results

  • Syngenta (NYSE:SYT): FY Revenue of $12.65B (-1.1% Y/Y)
  • EBITDA margin maintained at 21% before provision for MIR 162 Corn Litigation settlement.
  • Free cash flow $1.7B before acquisitions & ChemChina transaction outflows (2016: $1.4B).
  • Erik Fyrwald, CEO, said: “Farm economics continue very challenging because of low grain prices. For the FY18, with our focus on bringing innovation and value to our customers along with working capital and productivity improvement efforts, we expect low single digit growth in sales and continued strong free cash flow generation.”
  • Press Release

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