02.23.6k



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 2004

Commission File Number: 001-15152


SYNGENTA AG
(Translation of registrant’s 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 2004 
   
   

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:
Fax:
+41 61 323 23 23
+41 61 323 24 24
 
    www.syngenta.com

First Quarter Trading Statement 2004

Basel, Switzerland, April 27th 2004

Sales in the first quarter of 2004 increased by 15% to $2.3 billion. At constant exchange rates (CER) sales rose 7%.

In Crop Protection, sales were 7% higher (CER) driven by a strong finish to the Latin American season, in particular Brazil, a promising start to the year in Europe, Africa and Middle East and a rebound in a number of Asian markets, including China. In NAFTA sales were slightly lower in comparison with a strong first quarter in 2003.

Growth was achieved across all product lines with a particularly strong performance in insecticides. Professional Products achieved good growth driven by the continued success of Seed Treatment.

Seeds sales increased 11% (CER) with growth in all regions. Vegetables and Flowers maintained their consistent growth record and in Field Crops early shipments in NAFTA and Europe led to higher sales.

Agricultural markets demonstrated continuing signs of stabilization in the first three months of 2004, reflected in strong early demand. As the northern hemisphere season enters the all-important second quarter the product portfolio is well positioned to take advantage of market opportunities. For the full year, robust sales are expected to result in earnings per share* growth of more than 30 percent, significantly ahead of the high teens target.

* Fully diluted before restructuring and impairment

Syngenta 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 2003 were approximately US$ 6.6 billion. Syngenta employs more than 19'000 people in over 90 countries. Syngenta is listed the Swiss stock exchange (SYNN) and in New York (SYT). Further information is available www.syngenta.com.

Analyst/Investor Enquiries: Jonathan Seabrook (Switzerland) +41 61 323 7502
  Jennifer Gough (Switzerland) +41 61 323 5059
  Rhonda Chiger (USA) + 1 (917) 322 2569
Media Enquiries: Markus Payer (Switzerland) +41 61 323 2323
  Sarah Hull (USA) + 1 (202) 347 8348

Cautionary Statement Regarding Forward-Looking Statements


This document contains forward-looking statements, which can be identified by terminology such as ‘expect’, ‘would’, ‘will’, ‘potential’, ‘plans’, ‘prospects’, ‘estimated’, ‘aiming’, ‘on track’ and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefore.

Syngenta First Quarter Trading Statement 2004 / Page 1 of 2




Unaudited First Quarter Product Line and Regional Sales


Syngenta 1st Quarter
2004
  1st Quarter
2004
  Actual(1)   CER(1)(2)   Ex RR(1)(3)  
  $m   $m   %   %   %  

 
   Crop Protection 1794   1570   + 14   + 7   + 8  
   Seeds 513   429   + 20   + 11   + 11  

 
   Total 2307   1999   + 15   + 7   + 8  

 
Crop Protection                    

 
Product line                    
   Selective herbicides 617   565   + 9   + 2   + 3  
   Non-selective herbicides 171   146   + 17   + 10   + 10  
   Fungicides 499   424   + 18   + 8   + 9  
   Insecticides 278   218   + 28   + 21   + 22  
   Professional products 197   169   + 16   + 10   + 13  
   Others 32   48   - 33   - 38   - 38  

 
   Total 1794   1570   + 14   + 7   + 8  

 
Regional                    
   Europe, Africa and Middle East 788   670   + 18   + 4   + 4  
   NAFTA 557   562   - 1   - 3   - 1  
   Latin America 190   110   + 72   + 72   + 73  
   Asia Pacific 259   228   + 14   + 5   + 6  

 
   Total 1794   1570   + 14   + 7   + 8  

 
                     
Seeds                    

 
Product line                    
   Field Crops 329   274   + 20   + 12   + 12  
   Vegetables and Flowers 184   155   + 18   + 9   + 9  

 
   Total 513   429   + 20   + 11   + 11  

 
Regional                    
   Europe, Africa and Middle East 303   244   + 24   + 10   + 10  
   NAFTA 187   171   + 9   + 8   + 8  
   Latin America 7   2   + 316   + 315   + 315  
   Asia Pacific 16   12   + 28   + 16   + 16  

 
   Total 513   429   + 20   + 11   + 11  

 

(1) Product line variances take into account minor reclassifications made in 2004
   
(2) Growth at constant exchange rates
   
(3) Growth at constant exchange rates excluding the effects of range rationalization

Syngenta Third Quarter Trading Statement 2002 / 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 27, 2004 By: /s/ Damian Heller
     
      Name: Damian Heller
      Title: Company Secretary
         
         
    By: /s/ Daniel Michaelis
     
      Name: Daniel Michaelis
      Title: Senior Corporate Counsel