Syngenta: First Quarter 2016 records -7%

9 years ago - Published in Finance, Fundamental Analysis

The Basel Syngenta agrochemical group has recorded in the first quarter of 2016 a decrease in turnover by 7% to $ 3.7 billion. This was announced by the same company in a note, gisutificando the negative sign for the too strong dollar, which affected the business in the first three months of the year.

At constant currency rates, however, sales have remained stable, while volumes have suffered a fall of 2%. As a specific company in a statement, prices have registered a 2% rise in part due to an increase in the countries of the Community of Independent States (CEI) to offset the impact of the depreciation of the currencies.

Last February, Syngenta and ChemChina have started the paperwork for an operation to repurchase, from the Chinese giant, for a total of $ 43 billion, which would be the highest ever paid for an acquisition by China's company.