SYNGENTA 6-K



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 October 2003

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: Third Quarter Trading Statement 2003

Filed herewith is a press release related to Syngenta AG. The full text of the press release follows:

# # #




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: October 22, 2003 By: /s/ Peter Schreiner
   
    Name: Peter Schreiner
Title:   Authorized Signatory
     
     
  By: /s/ Otto Schürmann
   
    Name:  Otto Schürmann
Title:    Authorized Signatory



  Syngenta International AG
  Media Office
  CH-4002 Basel
  Switzerland
Telephone: +41 61 323 23 23
Fax: +41 61 323 24 24
www.syngenta.com
   
   

Media Release – Communiqué aux Médias – Medienmitteilung

Third Quarter Trading Statement 2003

Basel, Switzerland, October 22, 2003

Sales in the third quarter of 2003 increased by 3% at constant exchange rates (CER). Reported sales rose 7% to $1.2bn (2002: $1.1bn), reflecting the positive impact of US dollar weakness. Sales for the first nine months at $5.3bn were 2% lower (CER).

Crop Protection sales (CER) in the third quarter were unchanged. NAFTA delivered a robust performance notably in selective herbicides, reflecting continued success of the broad corn portfolio; insecticides also performed well. European sales in the quarter followed the pattern of the first half as extremely dry conditions continued to adversely impact fungicides. Latin America delivered strong growth driven by ongoing progress in Brazil and Argentina. Further de-stocking in China combined with timing differences in Japan sales reduced sales in Asia-Pacific. Broad-based growth was achieved in professional products led by the continuing success of seed treatments.

Growth in sales of new products in the quarter was $27m (CER); total sales of new products for the first nine months reached $400m. The impact of range rationalization in the quarter amounted to $19m (CER), bringing the nine month total to $89m.

Seeds sales (CER) increased by 25% driven by growth across the portfolio. Notable performances were achieved in vegetables and oilseeds in Europe and in corn in Latin America.

For the full year 2003, business performance is expected to deliver an increase in EBITDA and significant growth in earnings per share. The full year impact of currency movements on EBITDA is expected to be broadly neutral.

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 2002 were approximately US $6.2 billion. Syngenta employs some 20,000 people in over 90 countries. Syngenta is listed on the Swiss stock exchange (SYNN) and in London (SYA), New York (SYT) and Stockholm (SYN). Further information is available at 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: O’Patrick Wilson (Switzerland) + 41 61 323 2323
  Judith Auchard (UK) + 44 (0) 1483 260184
       
       
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 Third Quarter Trading Statement 2003 / Page 1 of 3






Unaudited Nine Months Product Line and Regional Sales

  9 Months 2003   9 Months 2002   Actual   CER(1)   Ex RR(2)  
Syngenta                    
  $m   $m   %   %   %  

 
   Crop Protection 4386   4237   + 4   - 3   - 1  
   Seeds 892   764   + 17   + 6   + 6  

 
   Total 5278   5001   + 6   - 2   -  

 
                     
                     
Crop Protection                    

 
Product line                    
   Selective herbicides 1432   1326   + 8   + 2   + 3  
   Non-selective herbicides 509   540   - 6   - 10   - 10  
   Fungicides 1122   1103   + 2   - 7   - 6  
   Insecticides 718   678   + 6   -   + 4  
   Professional products 499   459   + 8   + 3   + 5  
   Others 106   131   - 19   - 29   - 23  

 
   Total 4386   4237   + 4   - 3   - 1  

 
Regional                    
   Europe, Africa and Middle East 1677   1552   + 8   - 8   - 4  
   NAFTA 1634   1626   + 1   -   + 1  
   Latin America 471   419   + 13   + 13   + 14  
   Asia Pacific 604   640   - 6   - 11   - 8  

 
   Total 4386   4237   + 4   - 3   - 1  

 
                     
                     
Seeds                    

 
Product line                    
   Field Crops 488   415   + 18   + 7   + 7  
   Vegetables and Flowers 404   349   + 16   + 5   + 5  

 
   Total 892   764   + 17   + 6   + 6  

 
Regional                    
   Europe, Africa and Middle East 486   387   + 26   + 6   + 6  
   NAFTA 308   295   + 5   + 4   + 4  
   Latin America 55   46   + 20   + 20   + 20  
   Asia Pacific 43   36   + 17   + 10   + 10  

 
   Total 892   764   + 17   + 6   + 6  

 
                     
(1) Growth at constant exchange rates.
(2) Growth at constant exchange rates excluding the effects of range rationalization.
   

Syngenta Third Quarter Trading Statement 2002 / Page 2 of 3






Unaudited Third Quarter Product Line and Regional Sales

  3rd Quarter 2003   3rd Quarter 2002   Actual   CER(1)   Ex RR(2)  
Syngenta                    
  $m $m   %   %   %  

 
   Crop Protection 1016   981   + 4   -   + 2  
   Seeds 157   118   + 34   + 25   + 25  

 
   Total 1173   1099   + 7   + 3   + 4  

 
                     
                     
Crop Protection                    

 
Product line                    
   Selective herbicides 245   201   + 22   + 18   + 21  
   Non-selective herbicides 145   159   - 9   - 12   - 12  
   Fungicides 224   232   - 3   - 6   - 4  
   Insecticides 212   198   + 7   + 4   + 7  
   Professional products 171   155   + 10   + 4   + 6  
   Others 19   36   - 48   - 52   - 52  

 
   Total 1016   981   + 4   -   + 2  

 
Regional                    
   Europe, Africa and Middle East 342   334   + 2   - 7   - 5  
   NAFTA 289   248   + 17   + 17   + 18  
   Latin America 228   209   + 9   + 9   + 10  
   Asia Pacific 157   190   - 17   - 20   - 17  

 
   Total 1016   981   + 4   -   + 2  

 
                     
                     
Seeds                    

 
Product line                    
   Field Crops 58   34   + 75   + 64   + 64  
   Vegetables and Flowers 99   84   + 17   + 9   + 9  

 
   Total 157   118   + 34   + 25   + 25  

 
Regional                    
   Europe, Africa and Middle East 92   71   + 30   + 16   + 16  
   NAFTA 22   25   - 10   - 9   - 9  
   Latin America 30   13   + 134   + 134   + 134  
   Asia Pacific 13   9   + 45   + 37   + 37  

 
   Total 157   118   + 34   + 25   + 25  

 
                     
(1) Growth at constant exchange rates.
(2) Growth at constant exchange rates excluding the effects of range rationalization.
   

Syngenta Third Quarter Trading Statement 2002 / Page 3 of 3