FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of April 2005
Commission File Number: 001-15152
SYNGENTA AG
(Translation of registrants name into
English)
Schwarzwaldallee 215
4058 Basel
Switzerland
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F X | Form 40-F |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes | No X |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes | No X |
Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes | No X |
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
Re: | SYNGENTA AG |
Press Release: First Quarter Trading Statement 2005 |
Filed herewith is a press release related to Syngenta AG. The full text of the press release follows:
# # #
Item 1
Syngenta International
AG Media Office CH-4002 Basel Switzerland Telephone: +41 61 323 23 23 Fax: +41 61 323 24 24 www.syngenta.com |
|
Media Release |
First Quarter Trading Statement 2005
Basel, Switzerland, 26 April 2005
Sales in the first quarter of 2005 increased by 24% to $2.85 billion, benefiting from the contribution of US Seeds acquisitions and the alignment of sales closer to consumption. At constant exchange rates (CER) sales rose 19%.
In Crop Protection, sales were 4% higher (CER) driven by early demand in NAFTA and a good underlying performance in Asia Pacific, notably Japan. In Europe, a late start to the season led to slightly lower sales. In Latin America, a strong finish to the season in Argentina offset lower sales in Brazil in comparison with a very strong first quarter in 2004.
Growth was particularly robust in fungicides. Insecticides also performed well in all regions. In herbicides, lower sales in Europe offset growth in NAFTA. Professional Products once again grew strongly, driven by the continued success of Seed Treatment.
Seeds sales increased 70% (CER). Excluding the effect of acquisitions, sales rose 15% (CER). Underlying growth was strong in Field Crops in both NAFTA and Europe. Sales of Vegetables and Flowers were slightly lower, notably in Europe, due to the late start to the season.
For the full year 2005, the company remains committed to deliver high teens growth in earnings per share*.
*Fully diluted, before restructuring, impairment and IFRS 3 adjustmentSyngenta is a world-leading agribusiness committed to sustainable agriculture through innovative research and technology. The company is a leader in crop protection, and ranks third in the high-value commercial seeds market. Sales in 2004 were approximately $7.3 billion. Syngenta employs some 19,000 people in over 90 countries. Syngenta is listed on the Swiss stock exchange (SYNN) and in New York (SYT). Further information is available at www.syngenta.com.
Media Enquiries: | Switzerland: | Markus Payer | Tel: +41 (61) 323 2323 | |||
USA: | Sarah Hull | Tel: +1 (202) 347 8348 | ||||
Analysts/Investors: | Switzerland: | Jonathan Seabrook | Tel: +41 (61) 323 7502 | |||
Jennifer Gough | Tel: +41 (61) 323 5059 | |||||
USA: | Rhonda Chiger | Tel: +1 (917) 322 2569 |
Syngenta 26 April 2005 / Page 1 of 2
Unaudited First Quarter Product Line and Regional Sales | |||||||
1 st Quarter 2005 | 1 st Quarter 2004 | Actual (1) | CER(1)(2) | ||||
Syngenta | $m | $m | % | % | |||
Crop Protection | 1926 | 1775 | +8 | +4 | |||
Seeds | 921 | 525 | +76 | +70 | |||
Total | 2847 | 2300 | +24 | +19 | |||
Crop Protection | |||||||
Product line | |||||||
Selective herbicides | 615 | 617 | - | - 5 | |||
Non-selective herbicides | 163 | 171 | - 5 | - 7 | |||
Fungicides | 596 | 499 | +19 | +14 | |||
Insecticides | 305 | 278 | +11 | +7 | |||
Professional products | 222 | 197 | +11 | +8 | |||
Others | 25 | 13 | +89 | +82 | |||
Total | 1926 | 1775 | +8 | +4 | |||
Regional | |||||||
Europe, Africa and Middle East | 816 | 772 | +6 | - 2 | |||
NAFTA | 627 | 556 | +13 | +11 | |||
Latin America | 192 | 189 | +1 | +1 | |||
Asia Pacific | 291 | 258 | +13 | +9 | |||
Total | 1926 | 1775 | +8 | +4 | |||
Seeds | |||||||
Product line | |||||||
Field Crops | 729 | 336 | +117 | +111 | |||
Vegetables and Flowers | 192 | 189 | +1 | - 3 | |||
Total | 921 | 525 | +76 | +70 | |||
Regional | |||||||
Europe, Africa and Middle East | 359 | 314 | +14 | +6 | |||
NAFTA | 531 | 188 | +183 | +182 | |||
Latin America | 12 | 7 | +65 | +65 | |||
Asia Pacific | 19 | 16 | +23 | +17 | |||
Total | 921 | 525 | +76 | +70 | |||
(1) | Product line variances take into account minor reclassifications made in 2005 |
(2) | Growth at constant exchange rates |
Syngenta 26 April 2005 / Page 2 of 2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SYNGENTA AG | ||||
Date: | April 26, 2005 | By: | /s/ Damian Heller | |
Name: | Damian Heller | |||
Title: | Company Secretary | |||
By: | /s/ Christoph Mäder | |||
Name: | Christoph Mäder | |||
Title: | General Counsel |