Q3 2023 Agribusiness Results Highlights and Analysis
Welcome to the Q3 2023 Agribusiness Earning Results Summary
Moving forward, I am going to change up the layout of these summaries as it has gotten very long.
The intention will be to highlight key KPIs for various grouped companies in a charted format with links to the earnings reports for easy access, along with some interesting highlights and key takeaways.
If there is anything specific you would like to see or companies you’d like to see highlighted, please let me know.
Bayer Crop Science
Key Themes from Q3 2023 Agribusiness Results
Syngenta IPO on Hold
Bayer Corporate Restructure
FMC Battling Short Seller
Fertilizer Earnings Tighten
1. Continued Destocking
One central theme was the continued destocking challenges for crop protection companies.
FMC had its investor day this week, where they shared some data illustrating just how large of a correction this was, with the data showing upwards of a 20% drop in crop protection sales globally: