Reading time ( words)
Atotech, a leading specialty chemicals technology company and a market leader in advanced electroplating solutions, announced that it has filed its 2021 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2021, with the U.S. Securities and Exchange Commission on EDGAR. The Form 20-F is also available under the Investor Relations section of Atotech’s website and a hard copy will be provided to shareholders free of charge upon written request. Please check the company’s website for details.
Atotech’s audited financial statements for the full-year ended December 31, 2021 are consistent with the unaudited full-year 2021 financial results reported by the company on April 4, 2022. Highlights include:
- Record full-year 2021 revenues of $1.5 billion, an increase of 21% over the prior-year period, including chemistry organic revenue growth of 11%
- 2021 net income of $7.5 million, compared to a net loss of $289 million in 2020, the latter including impairment charges of $279.5 million of the company’s GMF segment as a result of changed market conditions caused by the COVID-19 pandemic
- Record 2021 Adjusted EBITDA of $458 million, a 26% increase over the prior-year period
- Year-end net debt leverage decreased to 2.8x
Tara Dunn, Averatek
Looking back to my notes from IPC APEX 2020, I noticed one of my comments: There were so many interesting sessions that I often found myself in the position of choosing between several that I wanted to attend in the same timeslot. This year was not any different in that regard. I am purposely glossing over the fact that I, like many of my friends, missed the camaraderie and opportunity to catch up in person while attending these technical sessions, and I look forward to being able to do that next year.
Pete Starkey, I-Connect007
The sixth international Electronics Goes Green Conference was held as an online virtual. Pete Starkey provides a recap of the event, which provided insight into innovative eco-design and extended reliability from the perspective of iNEMI’s roadmap.
Gene Weiner, Weiner International Inc.
Sellers of equipment at the Shanghai CPCA event complained of continued poor business. This was especially evident amongst those selling to firms building boards for phones and other portables devices as indicated below. However, not all reports were bad. Major fabricators such as Wu's in China, not dependent upon HDI or flexible products, stated that they were "satisfied" with their current business levels.