Agricultural Solutions
The content of this section is not part of the statutory audit of the annual financial statements but has undergone a separate limited assurance by our auditor.
The content of this section is voluntary, unaudited information, which was critically read by the auditor.
We have a balanced and customer-focused portfolio in the Agricultural Solutions segment. Our product offering is designed for different crop systems. We offer solutions for seeds, traits, seed treatment products, biological and chemical crop protection products, digital tools and more sustainable solutions to deliver optimum outcomes for farmers, growers and other partners along the value chain. Our innovation pipeline is targeting a sales potential of more than €7.5 billion for products launched by 2034.
At a glance
€2,081 million
EBITDA before special items
2024: €1,938 million
€1,505 million
Segment cash flow
2024: €1,861 million
In the Agricultural Solutions segment, sales declined to €9,587 million in the 2025 business year, €211 million below the prior-year figure. This was due mainly to unfavorable currency effects.
|
Agricultural Solutions |
|---|---|
Volumes |
3.0% |
Prices |
–1.2% |
Currencies |
–3.9% |
Portfolio |
– |
Sales |
–2.2% |
Sales in Europe increased slightly to €2,478 million, driven by higher sales volumes and slightly higher prices. Negative currency effects, primarily from the Turkish lira, had an offsetting effect.
Sales in North America amounted to €3,811 million, slightly below the prior-year figure. The volume increase, especially due to the market launch of glufosinate-P-ammonium, did not fully compensate for negative currency effects relating to the U.S. dollar and slightly lower prices.
In Asia, sales of €1,026 million were significantly below the prior-year level. Both currency and volume effects had a slightly negative impact, mainly due to high customer inventories in the region and the depreciation of the Indian rupee. In China, strong competitive pressure also led to a slight decline in prices.
In the South America, Africa, Middle East region, sales decreased by €83 million to €2,273 million compared to the previous year. This decrease was attributable to negative currency effects, particularly in relation to the Brazilian real and the Argentine peso, as well as lower prices. Higher volumes, especially in the insecticides business area, partially offset this decline.
EBITDA before special items rose slightly in 2025. This increase was mainly attributable to an improved contribution margin due to reduced manufacturing costs and the market launch of glufosinate-P-ammonium.
The segment’s EBITDA included special charges totaling €156 million, in particular for the conversion of the ERP system.
Despite the increase in EBITDA, segment cash flow was below the prior-year level. This was mainly due to negative effects from a buildup of inventories compared to a significant reduction in inventories in the previous year.
Million € |
|
2025 |
2024 |
+/– |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales to third parties |
|
9,587 |
9,798 |
–2.2% |
||||||||||
of which Fungicides |
|
2,838 |
3,014 |
–5.8% |
||||||||||
Herbicides |
|
3,059 |
2,965 |
3.2% |
||||||||||
Insecticides |
|
1,089 |
1,102 |
–1.2% |
||||||||||
Seed Treatment |
|
575 |
598 |
–3.8% |
||||||||||
Seeds & Traits |
|
2,026 |
2,119 |
–4.4% |
||||||||||
Intersegment transfers |
|
63 |
50 |
25.9% |
||||||||||
Sales including transfers |
|
9,650 |
9,848 |
–2.0% |
||||||||||
EBITDA before special items |
|
2,081 |
1,938 |
7.4% |
||||||||||
Special items in EBITDA |
|
–156 |
–279 |
44.3% |
||||||||||
EBITDA |
|
1,925 |
1,659 |
16.1% |
||||||||||
EBITDA margin before special items |
% |
21.7 |
19.8 |
. |
||||||||||
Depreciation and amortizationa |
|
583 |
675 |
–13.7% |
||||||||||
EBIT before special items |
|
1,500 |
1,270 |
18.1% |
||||||||||
Special items in EBIT |
|
–158 |
–286 |
44.9% |
||||||||||
Income from operations (EBIT) |
|
1,342 |
984 |
36.5% |
||||||||||
Investments including acquisitionsb |
|
351 |
387 |
–9.2% |
||||||||||
Segment cash flow |
|
1,505 |
1,861 |
–19.2% |
||||||||||
Assets (December 31) |
|
14,243 |
15,377 |
–7.4% |
||||||||||
Research and development expenses |
|
990 |
919 |
7.8% |
||||||||||
|
||||||||||||||
Agricultural Solutions – sales by region
By location of customer
