Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SYNGENTA AG-REG. We currently have 11 research reports from 2 professional analysts.
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FY16: a transition year
08 Feb 17
Revenues in FY16 reached US$12,790m (-5% and -2% at CER), EBITDA US$2,659m (-4%m, +2% at CER), operating income US$1,647m (-11%) and net income US$1,178m (-12%). Net debt at the end of FY16 was US$2.3bn (US$3.09bn in FY15). No regular dividend will be proposed at the AGM in June (with a CHF5 dividend to be paid conditional upon and prior to the first settlement of the transaction. The expected closing of the deal with ChemChina is in Q2. For FY17, management expects a low single-digit sales growth at CER and an improvement in the group’s EBITDA margin.
Q3 in line. Doubts on the ChemChina offer ?
25 Oct 16
Syngenta released Q3 sales, which reached US$2.524m (-3% both published and at CER) bringing 9m sales to US$9,618m (-6% and -3% at CER). At CER, regional sales (i.e. excluding Lawn and Garden) were down 4% (prices up 3%, volumes down 7%) with a weak South America where the change in sales terms in Brazil (and weak insecticides) weighed again. The group reiterated its full-year guidance of a low single-digit decline in sales, with an EBITDA margin at « around last year’s level ». The group also indicated that they now expect the regulatory process of the ChemChina offer to extend into Q1 17.
Q1 trading statement: rather weak as expected
20 Apr 16
Sales reached US$3.7bn (-7% and flat at CER, with prices up 2% and volumes down 2%). The group indicated it targets to maintain its sales level of last year at CER while profits should benefit from the cost-cutting programme (US$300m in FY16) and lower raw material costs. It also aims to deliver a US$1bn free cash flow, partly on the release of working capital.
FY15 in line. ChemChina offering CHF480/share.
03 Feb 16
Syngenta released FY15 results. They show sales down 11% to US$ 13.4bn (+1% at CER), EBITDA down 5% to US$2.78bn (+16% at CER), operating income down 13% to US$1.84bn and net income down 17% to US$1.34bn. Free cash flow (before M&A) was US$0.8bn. The proposed dividend is CHF11 (unchanged). For FY16, the group aims at "improving profitability on the basis of its AOL programme" (Accelerating Operational Leverage), which is a rather vague statement.
N+1 Singer - N1S Trend spotting - Strategy update
08 Mar 17
In this new product we present some strategy theme updates arising out of our latest analysis of macro trends and economic data and our innovative Quant work. We also look at upcoming events and suggest topping up on some of our Best Ideas for 2017.
Small Cap Breakfast
03 Mar 17
Venn Life Sciences*( VENN . L) | MediaZest* (MDZ.L) | Legendary Investments (LEG.L) | AFH Financial (AFH.L) | Intercede Group (IGP.L) | Gear4Music Holdings (G4M.L) | Trakm8 Holdings (TRAK.L) | Kodal Minerals (KOD.L) | Applied Graphene Materials (AGM.L) | Velocys (VLS.L)
They’re forever blowing bubbles
08 Apr 16
Zotefoams utilizes a unique (patented) production process to manufacture a portfolio of block foams that deliver superior performance characteristics (e.g. UV and temperature resistance). Clients across numerous industries are increasingly using these specialist materials, driving double digit sales growth (10.9% FY15). We believe this part of the growth story is well understood. However, the market is not fully appreciating the transition in margins taking place (12.0% in FY15 vs 9.4% in FY06). Further operational gearing and a significant uplift from (newer) higher contribution products means this expansion has scope to continue (forecasted EBIT margin 14.3% FY18E).
19 Dec 16
600 GROUP | ACCSYS TECHNOLOGIES | AGGREGATED MICRO POWER HLDGS PLC | ALUMASC GROUP | ANGLO-EASTERN PLANTATIONS | AVINGTRANS PLC | CAPITAL DRILLING LTD | CARCLO | FENNER PLC | FLOWTECH FLUIDPOWER PLC | GLOBAL INVACOM GROUP LTD | GOOCH & HOUSEGO PLC | HARDIDE PLC | HAYWARD TYLER GROUP PLC | IOFINA PLC | M.P.EVANS GROUP | R.E.A. HLDGS PLC | REDT ENERGY PLC | RENOLD | ROBINSON | SOMERO ENTERPRISE INC | SURFACE TRANSFORMS PLC | TRANSENSE TECHNOLOGIES PLC | TRIFAST | ZAMBEEF PRODUCTS