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Atotech Reports Fourth Quarter and Full Year 2020 Results and Provides 2021 Full Year Guidance


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 o ....

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Peak Fintech Group Inc.: Peak Provides Updates on Implementation of Fund Transfer Services and Cash Position from Exercise of Warrants


(1)
Montreal, Quebec (Newsfile Corp. - March 4, 2021) - Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) ( Peak or the Company ), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has reached an important step in the implementation of payment processing and fund transfer services on its Cubeler Lending Hub platform.
Peak announced earlier this year that it had signed an agreement with China UnionPay subsidiary, Rongbang Technology Ltd. ( Rongbang ) that will allow it to process payments, settle transactions and transfer funds between lending institutions, banks and the businesses that are part of its Lending Hub ecosystem. After holding several working sessions with Rongbang s service implementation team, the Company has now completed the setup of the test environment where virtual replications of both the Lending Hub platform and the China UnionPay network will co-exist from this point forward. Setting up the test ....

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CGX Energy Inc.: CGX Provides Update on the Kawa-1 and Makarapan-1 Exploration Wells and Exploration Program


CGX Energy Inc.: CGX Provides Update on the Kawa-1 and Makarapan-1 Exploration Wells and Exploration Program
CGX Energy or the
Company ), today provided an update on the Kawa-1 and Makarapan-1 exploration wells and exploration program:
The Kawa-1 exploration well on the Corentyne block is currently expected to be drilled to a depth of approximately 6,500 metres (
m ) in water depth of approximately 370 m and is slated to be drilled in the second half of 2021. The primary target is a Santonian age, stratigraphic trap, interpreted to be analogous to the discoveries immediately to the east on Block 58 in Suriname. The prospect is named after the iconic mountain overlooking the village of Paramakatoi in the Pakaraima Mountains of Guyana. ....

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Bombardier Inc.: Bombardier Provides 2025 Financial Targets and Highlights Progress on Key Earnings Growth and Cash Generation Drivers at Virtual Investor Day


Bombardier Inc.: Bombardier Provides 2025 Financial Targets and Highlights Progress on Key Earnings Growth and Cash Generation Drivers at Virtual Investor Day
~3x
The company s outlook assumes the continued successful roll-out of COVID-19 vaccines, a gradual lifting of international border restrictions and a continued economic recovery. This conservative outlook does not include the potential positive impact from the surge of new customers to private air travel following the onset of the global pandemic.
Balance Sheet Deleveraging
During the Investor Day presentations, the company will provide further details on its debt management strategy. Under its strategy, Bombardier intends to deploy the proceeds from the sale of Bombardier Transportation, prioritizing the pay down of near-term maturities with a focus on 2021 and 2022 tranches. The company is also considering various options to address other debt maturities in an opportunistic manner. The focus will be on cle ....

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