ZURICH, April 16 Syngenta AG, the
world's largest maker of crop chemicals, expects weak currencies
in emerging markets to have a bigger impact on full year
earnings, as it posted a 2 percent rise in first quarter sales.
While unseasonably mild weather in Europe, Africa and the
Middle East helped sales grow 10 percent in the region, the
arctic conditions across the Atlantic delayed the start of the
planting season in North America, where sales fell 7 percent.
Adverse currency moves knocked 3 percent off quarterly
sales, which rose to $4.7 billion, in line with the average
forecast in a Reuters poll.
For 2014, Syngenta expects integrated sales to grow 6
percent at constant exchange rates. The company confirmed its
full-year guidance for an increase in gross margins and $1.5
billion in free cash flow.
(Reporting by Caroline Copley)