Index
Overall Highlights
Crop Protection
Seeds
Regional Summary
Biological Summary
Digitized Acres Commentary
For a full look at Syngenta competitors, check out the FY 2024 Crop Protection & Seed Company Results: A Deep Dive into Themes, Highlights and Analysis - Upstream Ag Professional
Syngenta Group FY 2024 Financial Results - Syngenta
Highlights
FY 2024 Group sales: $28.8B (-10%)
15% decrease in EBITDA to $3.9 billion
Syngenta Groups EBITDA margin % decreased to the lowest of the big 5 crop protection companies.
Syngenta Crop Protection FY sales: $13.2B (-13% YoY)
Syngenta Seeds FY sales: $4.8B (flat YoY)
North America:
Syngenta Crop Protection North America sales: -24% YoY
ADAMA North America sales: +4% to $0.9B, driven by volume growth and strong Consumer & Professional Solutions demand
Seeds: North America Field Crop sales up 3% YoY; soybean sales notably increased
Crop Protection
Syngenta Crop Protection FY sales: $13.2B (-13% YoY; -9% CER)
Volume decline due to prolonged channel destocking
Price pressure in commoditized segments mitigated by raw material savings
Technology Performance:
PLINAZOLIN® insecticide sales doubled
ADEPIDYN® fungicide saw continued expansion and new market registrations
Biologicals experienced “strong growth,” especially in Brazil, China, and India
CROPWISE® AI launched. The platform now covers 70M hectares
Seeds
Syngenta Seeds FY sales — $4.8B (flat YoY; +2% CER)
Q4 Seeds sales up 4% YoY; +7% CER
Field Crop Seeds — North America: +3% YoY; strong soybean sales, Brazil was -9% due to soybean business model changes and Europe was -1%, but gains in corn market share and launched a yellow dwarf virus resistant hybrid barley.
In early 2024, ADAMA launched a strategic transformation plan aimed at improving earnings and cash delivery over a three-year period. This initiative began to show results, with EBITDA growth year-on-year and margin improvements for three consecutive quarters. The plan focuses on enhancing financial fitness through cost reductions and operational excellence, streamlining ADAMA’s operating model with a focus on key geographies and delivering products based on off-patent molecules combined with proprietary formulation technologies that improve efficiency.
Regional Summary
Europe — Weak across all segments, including -12% in crop protection
Latin America — Crop protection down 10%; soybean pressure in Brazil
North America
Syngenta Crop Protection North America sales: -24% YoY
ADAMA North America sales: +4% to $0.9B, driven by volume growth and strong Consumer & Professional Solutions demand
Seeds: North America Field Crop sales up 3% YoY; soybean sales notably increased
Commentary on Biologicals and Digitized Acres
Subscribe to Upstream Ag Professional to read the rest.
Become a paying member of Upstream Ag to get access to this post and other subscriber-only content.
UpgradeA professional subscription gets you:
- Subscriber-only insights and deep analysis plus full archive access
- Audio edition for consumption flexibility
- Access to industry reports, the Visualization Hub and search functionality
