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● ● ATOTECH Atotech Reports First Quarter 2021 Results and Raises 2021 Full Year Guidance Generates first quarter revenue of $ 353 million , an increase of 25 % over the prior year period , including chemistry organic revenue growth of 13 % Reports a net loss of $ 72 million , primarily reflecting one - time costs associated with the Company's recent refinancing Delivers adjusted EBITDA of $ 110 million , a 32 % increase over the prior year period Reduces net leverage to 3.7x Raises guidance for full year 2021 organic revenue growth , which is now expected to be in the range of 11 % to 13 % , including full year chemistry organic revenue growth of approximately 9 % Increases guidance for full year 2021 adjusted EBITDA¹ , which is now anticipated to be in the range of $ 415 million to $ 435 million , an increase of $ 10 million over the prior guidance at the mid - point BERLIN , Germany - May 4 , 2021 - Atotech ( NYSE : ATC ) , a leading specialty chemicals technology company and a market leader in advanced electroplating solutions , today reported its financial results for the first quarter of 2021 and raised its revenue and adjusted EBITDA guidance for full year 2021 . Chemistry organic revenue growth , a key performance indicator for the Company , increased 13 % over the first quarter of 2020. Chemistry organic revenue growth reflects chemistry revenue growth excluding the impact of foreign exchange translation ( " FX " ) and palladium pass - through ( " palladium " ) . Management Commentary Geoff Wild , Atotech's Chief Executive Officer said , " We are very pleased with our first quarter performance . As we lap the first quarter of the Covid - 19 pandemic , we delivered strong revenue and EBITDA growth , driven by an acceleration in the secular trends that are fueling demand for our products . Whether it is the robust smartphone cycle , the increasing adoption of 5G , work - from - home and higher PC demand , or the electrification of automobiles , our comprehensive solutions address customer requirements and we continue to lead the market with our customer service approach . " " Despite several external disruptions putting pressure on global supply chains this quarter , we feel confident about delivering strong revenue and earnings growth this year and are actively engaged in multiple initiatives to mitigate the impact of current supply chain shortages and disruptions . " " I was also very pleased to have successfully completed our refinancing during the first quarter . We moved quickly to leverage our stronger balance sheet as a result of the IPO , as well as our positive ¹ Adjusted EBITDA is a non - IFRS financial measure . Adjusted EBITDA should be considered in addition to , but not as a substitute for , the information provided in accordance with IFRS . A reconciliation for adjusted EBITDA to the most directly comparable IFRS financial measure is provided in the Reconciliation of Adjusted EBITDA to Consolidated Net Income ( Loss ) table . We are not able to forecast Consolidated net income ( loss ) on a forward - looking basis without unreasonable efforts due to the high variability and difficulty in predicting certain items that affect Consolidated net income ( loss ) , including , but not limited to , Income taxes , Interest expense , and Foreign exchange income ( loss ) .