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Syngenta warns of currency drag on earnings

2015-02-04 10:08:03| Chemicals - Topix.net

Basel-based Syngenta, which makes agricultural products designed to improve crop productivity, said that sales this year are expected to be broadly unchanged at constant exchange rates while earnings before interest, taxes, depreciation and amortization will remain flat after rising 1% last year. "We expect to offset the impact of currency devaluations in emerging markets through price increases," Chief Executive Mike Mack said in a statement.

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