Syngenta AG 2016 Full Year Results

BASEL, Switzerland--(BUSINESS WIRE)--Syngenta International AG:

“For the full year 2017, we expect low single digit growth in sales at constant exchange rates. We are targeting an improvement in the EBITDA margin and another year of strong free cash flow generation.”

Strong full year free cash flow generation and fourth quarter sales

• Sales $12.8 billion: 2 percent lower at constant exchange rates
  • up 1 percent excluding Brazil sales terms change and 2015 corn trait royalty
  • reported sales 5 percent lower
  • Q4 regional sales up 7 percent excluding corn trait royalty
• EBITDA $2.7 billion: margin 20.8 percent (2015: 20.7 percent)
  • 130 bps improvement excluding corn trait royalty
• $320 million savings from Accelerating Operational Leverage (AOL) program
• Earnings per share¹ $17.03 (2015: $17.78)
• Free cash flow $1.4 billion (2015: $0.8 billion)
• ChemChina transaction expected to close in second quarter of 2017
  • AGM scheduled in June; no regular dividend proposed