The profit was 35% lower than in the previous year, when it stood at more than RON45 million.
Revenue amounted to RON1.27 billion, down 10% from RON1.42 billion in 2023, public data show. Thus, the profit margin is 2%. The decline comes in a difficult context for the agricultural sector, marked by drought, price volatility, and financial difficulties among farmers in 2024.
Last year, the government decided to postpone farmers’ debt payments to suppliers until August 1, 2025, a measure that affected the cash flows of agribusiness companies, including input distributors.
However, Bayer experienced a lower decline compared with other players in the market because, in addition to distributing pesticides and fertilizers, the company also has a seed processing plant.
The Sinesti plant mainly processes corn seeds that end up on the Romanian market (about 40%) and are exported (about 60%), according to the latest data from ZF.
Of the six processing plants that Bayer has in the EMEA region, the Sinesti plant is the largest in terms of production volume.
(English version by Loredana Fratila-Cristescu)