Corteva presents 2024 results

Corteva ended 2024 with net revenue of US$16,9 billion, representing a 2% decrease compared to 2023. Despite the reduction in consolidated results, organic sales increased by 1%, with volume gains in Latin America and Asia Pacific, partially offsetting losses in Europe, the Middle East and Africa (EMEA).

The seed segment, which generated revenues of US$9,5 billion in 2024, saw revenue growth of 1%. This increase was influenced by the expansion of the area planted with second-crop corn in Brazil and the demand for advanced agricultural technologies. Volume increased by 1% in the year, while average prices grew by 3%.

In the crop protection sector, revenue was $7,4 billion, down 5% compared to the previous year. The decline was driven by a 5% decline in prices, a result of competitive pressures in Latin America.

Despite this, sales volume grew by 3%, reflecting the increased demand for new products, such as biologicals and insecticides, in regions such as Brazil. The company highlighted that the stabilization of this segment should occur gradually in 2025, but with continued pressure on prices.

In financial terms, Corteva reported operating income (EBITDA) of US$3,4 billion in 2024, with a stable operating margin compared to the previous year.

For 2025, Corteva projects revenue between $17,2 billion and $17,6 billion, with average growth of 3%, and operating income between $3,6 billion and $3,8 billion. The company also announced that it will repurchase approximately $1 billion in shares throughout the year.