Agricultural Solutions
Q2 2022
Sales in the Agricultural Solutions segment rose considerably compared with the second quarter of 2021. This was mainly attributable to higher prices in all regions and positive currency effects, mainly from the U.S. dollar. Significantly higher volumes also contributed to the sales development.
Volumes |
5.2% |
|---|---|
Prices |
11.4% |
Portfolio |
–0.6% |
Currencies |
9.3% |
Sales |
25.3% |
The slight sales decrease in Europe was driven by significantly lower volumes, primarily due to earlier demand in the first quarter of 2022 and slightly negative currency effects, mainly from the Turkish lira. Prices, on the other hand, were raised significantly.
In North America, sales were considerably above the prior-year quarter as a result of positive currency effects, higher price levels and volume growth, especially for herbicides and field crop seeds.
The strong sales growth in Asia was primarily driven by positive currency effects and higher prices. Especially in China, we recorded higher volumes in all indications.
Sales rose significantly in the region South America, Africa, Middle East. This was the result of significantly higher price levels and positive currency effects, especially in Brazil. Significantly higher volumes in almost all indications supported the sales increase.
Income from operations (EBIT) before special items was considerably above the prior-year quarter. This was mainly attributable to the positive sales development, which more than compensated for higher costs.
|
Q2 |
H1 |
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
2022 |
2021 |
+/– |
2022 |
2021 |
+/– |
||||||||||||
Sales to third parties |
2,459 |
1,963 |
25.3% |
5,856 |
4,809 |
21.8% |
||||||||||||
Income from operations before depreciation, amortization and special items |
401 |
239 |
67.9% |
1,437 |
1,210 |
18.8% |
||||||||||||
Income from operations before depreciation and amortization (EBITDA) |
397 |
200 |
98.6% |
1,428 |
1,168 |
22.3% |
||||||||||||
Depreciation and amortizationa |
188 |
165 |
13.8% |
355 |
329 |
8.0% |
||||||||||||
Income from operations (EBIT) |
210 |
35 |
498.7% |
1,073 |
839 |
27.9% |
||||||||||||
Special items |
–13 |
–40 |
67.2% |
–18 |
–43 |
57.9% |
||||||||||||
EBIT before special items |
223 |
75 |
196.9% |
1,091 |
882 |
23.7% |
||||||||||||
Assets (June 30)a |
17,525 |
15,922 |
10.1% |
17,525 |
15,922 |
10.1% |
||||||||||||
Investments including acquisitionsb |
71 |
85 |
–16.2% |
132 |
133 |
–0.7% |
||||||||||||
Research and development expenses |
235 |
228 |
3.3% |
473 |
444 |
6.5% |
||||||||||||
|
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H1 2022 sales by indication and sector
