FRANKFURT, April 24 Syngenta, the Swiss
pesticides and seeds group that is being acquired by ChemChina
, said first quarter sales slipped 1 percent to $3.74
billion as growth in Asian corn seed markets were offset by
lower demand for fungicides and herbicides in Latin America.
"While conditions for growers at the start of 2017 remain
difficult, our business is steady and currencies are no longer a
drag on our performance," said Chief Executive Officer Erik
The group reiterated its 2017 target for low single digit
growth in sales, an improvement in the EBITDA margin and strong
free cash flow generation.
(Reporting by Ludwig Burger, editing by John Revill)