Atotech Reports Fourth Quarter and Full Year 2020 Results and Provides 2021 Full Year Guidance
Delivers net income of $22 million, up significantly over the fourth quarter of 2019
Posts adjusted EBITDA of $106 million, a 5% increase over the fourth quarter of 2019
Reduces net leverage to 5.1x at year end 2020 (before IPO completion on February 8, 2021)
Expects total full year 2021 organic revenue growth to be in the range of 10% to 12%, including full year organic chemistry revenue growth in the range of 8% to 9%
Anticipates full year 2021 adjusted EBITDA
1 to be in the range of $405 million to $425 million, an increase of approximately 14%, at the mid-point
BERLIN, March 04, 2021 (GLOBE NEWSWIRE) Atotech (NYSE: ATC), a leading specialty chemicals technology company and a market leader in advanced electroplating solutions, today reported its financial results for the fourth quarter and full year 2020 and provided guidance for full year 2021. Total organic chemistry revenue
Atotech Launches New DynaSmart Plating Line for Corrosion Resistant Coatings
Atotech, a leading global supplier of specialty surface-finishing solutions, announced the global launch of its innovative and patented DynaSmart® plating line for corrosion resistant coatings. This addition to the company’s product line was engineered in Germany to address the increasing demand for advanced surface-finishing equipment in our industrial end markets.
Gertjan van der Wal, President of Atotech’s General Metal Finishing (GMF) business unit, said: “We are proud of DynaSmart®’s unique capabilities and state-of-the-art technical features. The line maximizes efficiency in the production process, offers a high degree of flexibility, and meets the highest safety and sustainability standards – offering true value to our customers.”
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