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Atotech Files 2021 Annual Report on Form 20-F
April 20, 2022 | AtotechEstimated reading time: Less than a minute
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
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