Corteva(US:CTVA)2022-02-03 18:04Financial Performance & Growth - Corteva's net sales for FY 2021 reached $1565 billion, a 10% increase[33,37] - Organic sales for FY 2021 also grew by 9%, reaching $1550 billion[39,43] - Operating EBITDA for FY 2021 increased by 11% to $262 million[45,49] - Operating EBITDA margin improved by 178 bps in FY 2021[52] - Crop Protection sales increased 12% to $7253 billion in FY2021[81] - Seed sales increased 8% to $8402 billion in FY2021[120] Regional Performance - North America reported a 5% increase in net sales in FY 2021, with organic growth of 4%[56] - EMEA reported a 10% increase in net sales in FY 2021, with organic growth of 6%[56] - Latin America reported a 3% increase in net sales in FY 2021, with organic growth of 26%[56] - Asia Pacific reported a 26% increase in net sales in FY 2021, with organic growth of 27%[56] 2022 Outlook - The company projects net sales between $167 billion and $170 billion in 2022, representing an 8% growth at the midpoint[64] - Operating EPS is projected to be between $230 and $250 in 2022, a 12% growth at the midpoint[62,64] - Free cash flow is expected to be between $13 billion and $16 billion in 2022[61]