DOCSLIB.ORG

Download 2020 Annual Report Based on IFRS

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Download 2020 Annual Report Based on IFRS Annual Report 2020 ’ASML ANNUAL2 REPORT 2020 01 Contents 2020 at a glance Leadership and governance 5 Interview with our CEO 106 Corporate governance 7 2020 Highlights 119 Message from the Chair of our Supervisory Board 8 Business as (un)usual 120 Supervisory Board report 135 Remuneration report Who we are and what we do 10 Our company 147 Directors’ Responsibility Statement 14 Our products and services 17 Our markets Consolidated Financial Statements 18 Semiconductor industry trends and opportunities 150 Consolidated Statement of Profit or Loss 22 How we create value 151 Consolidated Statement of Comprehensive Income 24 Our strategy 152 Consolidated Statement of Financial Position 153 Consolidated Statement of Changes in Equity What we achieved in 2020 154 Consolidated Statement of Cash Flows 27 Technology and innovation ecosystem 155 Notes to the Consolidated Financial Statements 39 Our people 53 Our supply chain Company Financial Statements 59 Circular economy 209 Company Balance Sheet 65 Climate and energy 210 Company Statement of Profit or Loss 211 Notes to the Company Financial Statements CFO financial review 74 Financial performance Other Information 81 Financing policy 217 Adoption of Financial Statements 83 Tax policy 218 Independent auditor’s report 85 Long-term growth opportunities Non-financial statements How we manage risk 225 Assurance Report of the Independent Auditor 87 How we manage risk 227 About the non-financial information 92 Risk factors 229 Non-financial indicators 100 Responsible business 244 Materiality: assessing our impact 247 Stakeholder engagement 250 Other appendices 253 Definitions A definition or explanation of abbreviations, technical terms and other terms used throughout this Annual Report can be found in the chapter Definitions. In some cases numbers have been rounded for readers' convenience. This report comprises regulated information within the meaning of articles 1:1 and 5:25c of the Dutch Financial Markets Supervision Act (Wet op het Financieel Toezicht). The sections Who we are and what we do, What we achieved in 2020, CFO financial review, How we manage risk, Leadership and governance and Directors’ Responsibility Statement together form the Management Report within the meaning of Section 2:391 of the Dutch Civil Code (and related Decrees). In this report the name ‘ASML’ is sometimes used for convenience in contexts where reference is made to ASML Holding N.V. and/or any of its subsidiaries, as the context may require. © 2021, ASML Holding N.V. All Rights Reserved. ASML ANNUAL REPORT 2020 2 Special note regarding forward-looking expected development of High-NA and its benefits, statements including the expected timing for development of future In addition to historical information, this Annual Report generation EUV systems, expected growth in EUV revenue contains statements relating to our future business and / or the expected benefits of the indirect interest in Carl Zeiss results. These statements include certain projections, SMT GmbH and the acquisition of Berliner Glas, expected business trends and other matters that are "forward- EUV margins and margin improvement in our systems and looking" within the meaning of the Private Securities service via cost reduction and value delivery, expected Litigation Reform Act of 1995. You can generally identify productivity and benefits of our tools, systems, and these statements by the use of words like "may", "will", projects, EUV productivity targets and goals, potential "could", "should", "project", "believe", "anticipate", future innovations and system performance, expected "expect", "plan", "estimate", "forecast", "potential", shipments of our tools and systems, including demand for "intend", "continue" and variations of these words or and timing of shipments, statements with respect to DUV comparable words. They appear in a number of places and EUV competitiveness, the development of EUV throughout this Annual Report and include statements with technology and EUV industrialization, expected respect to our expected trends and outlook, strategies, productivity upgrade releases, enabling high-volume corporate priorities, expected semiconductor industry production of next generation chips and expected designs trends and 2024 market opportunities and roadmap, of such chips and their benefits, and revenue recognition, expected trends in markets served by our customers, predicted growth in wafer production, sustainability targets, expected market growth and drivers of such trends and goals and strategies, shrink being a key driver supporting growth, expected financial results, including expected innovation and providing long-term industry growth, sales, EUV revenue, service revenue, expected trends in lithography enabling affordable shrink and delivering value working capital, gross margin, capital expenditures to customers, sustainability strategy, goals and targets, including expected capital expenditures, R&D and SG&A including circular procurement goals, targeted greenhouse expenses, cash conversion cycle, target and expected gas emission and waste reduction and recycling initiatives effective annualized tax rate, sales targets and outlook for and investments, repair center expansion and targets, our 2021 and other statements under "-Trend Information", expectation of the continuation of Moore’s Law and that annual revenue opportunity and potential and growth EUV will continue to enable Moore’s Law and drive long- outlook for 2025, expected growth in 2021, expected term value for ASML well beyond the current decade, tax continued growth in free cash flow generation, investments strategy, capital allocation policy, dividend policy, our in the future and cash returned to shareholders, our expectation to continue to return cash to our shareholders Strengths, Weaknesses, Opportunities and Threats through share buybacks and dividends including our (SWOT), expected demand for upgrades, semiconductor proposed dividend for 2020 and statements relating to our industry dynamics and industry opportunities, expected share buyback program for 2020-2022, and statements trends in customer demand and demand for particular with respect to the expected impact of accounting systems and upgrades and expected trends in end standards. markets, including Memory, Logic and Foundry, including the continuation of investment by Logic customers in These forward-looking statements are not historical facts, ramping new nodes and stronger lithography demand from but rather are based on current expectations, estimates, memory customers, expected benefits of High-NA and assumptions and projections about the business and our planned target to start shipment of High-NA systems and future financial results and readers should not place undue high-volume production of systems using High-NA by reliance on them. Forward-looking statements do not 2025, 2024 market opportunities for semiconductor guarantee future performance, and actual results may differ industry end markets, expected innovation drivers, materially from projected results as a result of certain risks, expected drivers of long-term stakeholder value, expected and uncertainties. These risks and uncertainties include, trends in DUV systems revenue, expected DUV sales and without limitation, those described under How we manage the expectation that DUV will continue to drive value for our risk - Risk factors. These forward-looking statements are customers and be used in production in most layers of made only as of the date of this Annual Report. We do not their chips, expected benefits of Holistic Lithography and undertake to update or revise the forward-looking expected installed based management revenues, our statements, whether as a result of new information, future supply chain strategies and goals, customer, partner and events or otherwise. industry roadmaps, ASML’s applications business, ASML ANNUAL REPORT 2020 3 2020 at a glance ASML ANNUAL REPORT 2020 4 Interview with our CEO Peter Wennink, Chief Executive Officer How do you look back on 2020? What were the main factors behind ASML’s strong It was a year that affected us all due to the global performance in such a challenging year? COVID-19 pandemic. The impact has been widely felt The global economic consequences of COVID-19 had a across societies and families, as well as in the ASML limited impact on ASML' results. Declining consumer community. But it was also a year that brought new spending on smartphones and automotive was offset by learnings. For me personally, for instance, if you'd asked increasing investments in 'working-from-home' electronics, me 12 months ago if I could lead a company of over datacenters and the communications network 28,000 people of which over 80% were at home, I would infrastructure needed to support an economy where data is have said: “Are you out of your mind? Of course that won't an important driver of economic value and productivity. work!" But this is what happened in 2020 – and it has worked. We even managed to close the acquisition of ASML does not produce these electronic devices or the Berliner Glas Group, and welcomed around 1,600 new software and digital services that run over them, but our colleagues into ASML. systems are essential to manufacture the semiconductors that power this ecosystem. ASML and other While recognizing fully the severity of the pandemic, I also semiconductor equipment peers are an integral part of this see 2020 as a year that underlined the importance of our global electronic ecosystem of
Load more

Recommended publications
  • Remuneration Policy for the Board of Management of Asml Holding N.V
    REMUNERATION POLICY FOR THE BOARD OF MANAGEMENT OF ASML HOLDING N.V. (VERSION 2021) Remuneration Policy for the Board of Management of ASML Holding N.V. (version 2021) Public Board of Management Remuneration Policy 2021 This remuneration policy for the Board of Management of ASML Holding N.V. (“BoM”) applies as from January 1, 2021 onwards. The remuneration policy was approved by the Supervisory Board (“SB”) of ASML, upon recommendation of its Remuneration Committee (“RC”) and adopted by the General Meeting (“GM”) on 29 April 2021. The Works Council exercised its right to cast its advisory vote prior to adoption. Remuneration as a strategic instrument The remuneration policy supports the long-term development and strategy of the Company in a highly dynamic environment, while aiming to fulfill all stakeholders’ requirements and keeping an acceptable risk profile. More than ever, the challenge for us is to drive technology, to serve our customers and to satisfy our stakeholders. These drivers are embedded in the identity, mission and values of ASML and its affiliated enterprises and are the backbone of the remuneration policy. The SB ensures that the policy and its implementation are linked to the Company’s objectives. The objective of the remuneration policy is to enable ASML to attract, motivate and retain qualified industry professionals for the BoM in order to define and achieve our strategic goals. The policy acknowledges the internal and external context as well as our business needs and long-term strategy. The policy is designed to encourage behavior that is focused on long-term value creation and the long-term interests and sustainability of the Company, while adopting the highest standards of good corporate governance.
    [Show full text]
  • March 1, 2021 RE: PHILIPS TESTIMONY for SF 1160 for SENATE COMMERCE and CONSUMER PROTECTION FINANCE and POLICY COMMITTEE HEARING
    March 1, 2021 RE: PHILIPS TESTIMONY FOR SF 1160 FOR SENATE COMMERCE AND CONSUMER PROTECTION FINANCE AND POLICY COMMITTEE HEARING Dear Chair Dahms, Vice Chair Utke and Members of the Senate Commerce and Consumer Protection Finance and Policy Committee On behalf of Philips, I submit testimony on Minnesota SF 1160. While Philips supports this bill because it reduces barriers to telehealth in many ways, my comments today will uniquely focus on the value of telemonitoring services to enhancing Minnesotans’ healthcare. Philips believes SF 1160 is a great start, but the current language limits the use of telemonitoring to certain patients within narrowly defined parameters. This testimony highlights the following topics: Telemonitoring is an important patient care solution Telemonitoring leads to cost savings Clinicians want the use of telemonitoring Other states are mandating coverage and reimbursement for telemonitoring The medical assistance rules would prevent many patients from accessing telemonitoring Philips suggested changes to SF 1160 Background on Philips: Philips is a health technology company focused on improving people’s health and enabling better outcomes. In Minnesota, Philips employs over 400 workers with facilities in Plymouth and Maple Grove. The company has been an industry leader in transforming telehealth over the last fifteen years, providing telemonitoring solutions across a patient’s care journey, from the ICU, to the emergency room, to the patient’s home.1 We applaud any legislative effort to expand telemonitoring. Telemonitoring is an important patient care solution: Telemonitoring allows providers to continually monitor, collect and analyze a patient’s physiological data to create and manage a patient’s treatment plan.
    [Show full text]
  • ASM INTERNATIONAL N.V. (Exact Name of Registrant As Specified in Its Charter)
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ¨ Registration Statement pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934. x Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the fiscal year ended December 31, 2008 ¨ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. ¨ Shell company report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Date of event requiring this shell company report For the transition period from to Commission File Number: 0-13355 ASM INTERNATIONAL N.V. (Exact name of Registrant as specified in its charter) The Netherlands (jurisdiction of incorporation or organization) Versterkerstraat 8, 1322 AP, Almere, the Netherlands (Address of principal executive offices) Richard Bowers Telephone: (602) 432-1713 Fax: (602) 470-2419 Email: [email protected] Address: 3440 E. University Dr., Phoenix, AZ 85034, USA (Name, Telephone, Email and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Shares, par value € 0.04 The NASDAQ Stock Market LLC Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 54,275,131 common shares; 21,985 preferred shares.
    [Show full text]
  • Man of Sony, and Frank Randall, Vice Chaírman of North American Philips
    ctltvtpAcT' I -J I t!lil5rE NorthAmerican SONYo [IIGITAI- AUDIO RrilipsCorporation Contact: Albe:t Ruttner William E. Baker (21 2) 697-3600 (21 2) 371 -5800 1982 ¡4j\RKET TNG IS PLANNED FOR COMPACT D ISC DTGITAL AUDIO SYSTEM CD Format Gaining As World Standard NEW YORK, NY, MaY 27, 1981 Sony Corporation and North American Philips Corporation today demonst'rated prototypes of the Compact Disc (CD) Digital Audio System. Akio Morita' co-founder and chair- man of Sony, and Frank Randall, vice chaírman of North American philips joint,ly announced that the market introduction of the revolu- tionary sound reproduction system will begin in the faII of L982' The announcement of the marketing plans reflects growing endorsement of the Compact Disc system as the preferred digital audio format by equipment manufacturers and software producers around the world. Movement toward that broad acceptance \^¡as given impetus in June 1980, when Sony and Philips agreed to take full advantage of the technological capabilities of both companies and t,o co-develop the CD system. Most recently, the worldwide Polygram Group, one of the leading international record manufacturers, and CBS/Sony Inc', the largest record company in Japan, announced plans to produce music programs in the CD format. In L982, for example, CBS/Sony will re- lease more than 100 Compact Disc albums in Japan simultaneously with the introduction of the CD players. philips and Sony jointly submitted the CD format to the Digital Audio Disc Standardization Conference and, in April 1981, the - more - 2 final report of its study of three major systems was presented.' The study recommended the CD format as the standard for audio disc record- ing and repróduction.
    [Show full text]
  • (NASDAQ: ASML) Recommendation: Long I Current Stock Price
    ASML Holding NV (NASDAQ: ASML) Recommendation: Long I Current stock price: $651 I 5-year target price: $245 / $1,039 / $1,371 (Bear / Base / Bull) All financial and valuation information is presented in Euro Shradha Mani I sm4843 I [email protected] I April 22, 2021 ASML is a market leader (almost a monopoly) in lithography equipment, an advanced, precision technology which is essential to the manufacture of semiconductor chips. In turn, semiconductors power our phones, computers, automobiles and are basically the foundation of technology as we know it today. Thus, the semiconductor industry (customers of ASML) is poised for strong secular growth. “We provide our customers with everything they need – hardware, software and services – to mass produce patterns on silicon, allowing them to increase the value and lower the cost of a chip.” ASML’s essential position in the semiconductor ecosystem, and its product lines are described below1: . Lithography systems that print the tiny features that form the basis of a microchip with precision. These systems can be new or refurbished. o Extreme Ultraviolet Lithography Systems o Deep Ultraviolet Lithography Systems . Metrology and Inspection Systems measure the quality of patterns on chips and help locate and analyze chip defects . Computational Lithography algorithms optimize the manufacturing process to minimize defects . Customer Support and Service What does ASML do i.e. how does it earn revenue and who are the company’s customers ? Revenue disaggregation 2018 2019 2020 Extreme UV lithography
    [Show full text]
  • Abstracts 2014 EUVL
    2014 International Workshop on EUV Lithography June 23-27, 2014 Makena Beach & Golf Resort ▪ Maui, Hawaii Workshop Abstracts 2014 International Workshop on EUV Lithography Contents Welcome ______________________________________________________ 2 Workshop Agenda _______________________________________________ 4 Abstracts by Paper Number ________________________________________ 17 Organized by: www.euvlitho.com 1 2014 International Workshop on EUV Lithography Welcome Dear Colleagues; I would like to welcome you to the 2014 International Workshop on EUV Lithography in Maui, Hawaii. In this leading workshop, with a focus on R&D, researchers from around the world will present the results of their EUVL related research. As we all work to address the remaining technical challenges of EUVL, to allow its insertion in high volume computer chip manufacturing, we look forward to a productive interaction among colleagues to brainstorm technical solutions. This workshop has been made possible by the support of workshop sponsors, steering committee members, workshop support staff, session chairs and presenters. I would like to thank them for their contributions and making this workshop a success. I look forward to your participation. Best Regards Vivek Bakshi Chair, 2014 International Workshop on EUVL www.euvlitho.com 2 2014 International Workshop on EUV Lithography EUVL Workshop Steering Committee Executive Steering Committee David Attwood (LBNL) Hanku Cho (Samsung) Harry Levinson (GlobalFoundries) Hiroo Kinoshita (Hyogo University) Kurt Ronse (IMEC)
    [Show full text]
  • 3I Group PLC 3M Co 58.Com Inc A2A Spa AAC Technologies Holdings
    3i Group PLC 3M Co 58.com Inc A2A SpA AAC Technologies Holdings Inc ABB Ltd Abbott Laboratories AbbVie Inc Accenture PLC Accton Technology Corp ACS Actividades de Construccio Activision Blizzard Inc Acuity Brands Inc Adani Ports & Special Economic Adaro Energy Tbk PT Adecco Group AG Adelaide Brighton Ltd adidas AG Adient PLC Adobe Systems Inc Advance Auto Parts Inc Advanced Ceramic X Corp Advanced Micro Devices Inc Advanced Semiconductor Enginee Aegon NV AES Corp/VA Aetna Inc Affiliated Managers Group Inc Aflac Inc Aga Khan Fund for Economic Dev AGFA-Gevaert NV Agilent Technologies Inc AGL Energy Ltd Agnaten SE AIA Group Ltd Air Products & Chemicals Inc AirAsia Bhd Airtac International Group Akamai Technologies Inc Akbank Turk AS Akzo Nobel NV Alaska Air Group Inc Albemarle Corp Alcoa Corp Alexandria Real Estate Equitie Alexion Pharmaceuticals Inc Alibaba Group Holding Ltd Align Technology Inc ALK-Abello A/S Allegion PLC Allergan PLC Alliance Data Systems Corp Alliant Energy Corp Allianz SE Allstate Corp/The Ally Financial Inc Alphabet Inc ALS Ltd Altaba Inc/Fund Family Altice NV Altran Technologies SA Altria Group Inc Alumina Ltd Amadeus IT Group SA Amazon.com Inc Amcor Ltd/Australia Ameren Corp America Movil SAB de CV American Airlines Group Inc American Axle & Manufacturing American Electric Power Co Inc American Express Co American International Group I American Tower Corp American Water Works Co Inc Ameriprise Financial Inc AmerisourceBergen Corp AMETEK Inc Amgen Inc Amorepacific Corp AMOREPACIFIC Group AMP Ltd Amphenol Corp ams AG
    [Show full text]
  • United States District Court for the Western District of Texas Waco Division
    Case 6:20-cv-01211 Document 1 Filed 12/31/20 Page 1 of 83 UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF TEXAS WACO DIVISION Ocean Semiconductor LLC, Civil Action No.: 6:20-cv-1211 Plaintiff JURY TRIAL DEMANDED v. PATENT CASE NVIDIA Corporation (“NVIDIA”), Defendant. COMPLAINT FOR PATENT INFRINGEMENT Plaintiff Ocean Semiconductor LLC (“Ocean Semiconductor” or “Plaintiff”) files this Complaint against NVIDIA Corporation (“NVIDIA” or “Defendant”), seeking damages and other relief for patent infringement, and alleges with knowledge to its own acts, and on information and belief as to other matters, as follows: NATURE OF THE ACTION 1. This is an action for patent infringement arising under the Patent Laws of the United States, 35 U.S.C. § 1 et seq. THE PARTIES 2. Plaintiff Ocean Semiconductor is a limited liability company organized and existing under the laws of the State of Delaware, and its registered agent for service of process in Delaware is Rita Carnevale, 717 N. Union Street, Wilmington, DE 19805. Case 6:20-cv-01211 Document 1 Filed 12/31/20 Page 2 of 83 3. On information and belief, Defendant NVIDIA is a corporation organized and existing under the laws of Delaware, with its principal place of business at 2701 San Tomas Expressway, Santa Clara, CA 95050. NVIDIA is registered with the State of Texas and may be served with process through its registered agent, Corporation Service Company d/b/a CSC- Lawyers Incorporating Service Company, 211 E. 7th St., Suite 620, Austin, TX 78701. On information and belief, NVIDIA has a regional office in this District, including at least at 11001 Lakeline Blvd., Building 2, Suite 100, Austin, TX 78717.
    [Show full text]
  • Remuneration Report
    REMUNERATION REPORT The first part of this report outlines the remuneration policy REMUNERATION POLICY for the Board of Management as it has been adopted over The main objective of Fugro’s remuneration policy is to time, while the second part contains details of the attract, motivate and retain qualified management that is remuneration in 2015 of the members of the Board of needed for a global company of the size and complexity of Management and of the Supervisory Board. Fugro. The members of the Board of Management are More information on remuneration and on option and share rewarded accordingly. Variable remuneration is an important ownership of members of the Board of Management is part of the total package. The remuneration policy aims at available in note 5.64.2 of the financial statements in this compensation in line with the median of the labour market annual report. This remuneration report is also available reference group. The current remuneration policy was on Fugro’s website. adopted by the AGM on 6 May 2014 and took effect retroactively as from 1 January 2014. As mentioned above, This report has been prepared by the remuneration the policy was amended in the AGM on 30 April 2015. Within committee of the Supervisory Board. The main function of the framework of the remuneration policy, compensation for this committee is to prepare the decision-making of the the Board of Management is determined by the Supervisory Supervisory Board regarding the remuneration policy for the Board on the advice of the remuneration committee. Board of Management and the application of this policy to the remuneration of the individual members of the Board of Labour market reference group Management.
    [Show full text]
  • Mack DFM Keynote
    The future of lithography and its impact on design Chris Mack www.lithoguru.com 1 Outline • History Lessons – Moore’s Law – Dennard Scaling – Cost Trends • Is Moore’s Law Over? – Litho scaling? • The Design Gap • The Future is Here 2 1965: Moore’s Observation 100000 65,000 transistors 10000 Doubling each year 1000 100 Components per chip per Components 10 64 transistors! 1 1959 1961 1963 1965 1967 1969 1971 1973 1975 Year G. E. Moore, “Cramming More Components onto Integrated Circuits,” Electronics Vol. 38, No. 8 (Apr. 19, 1965) pp. 114-117. 3 Moore’s Law “Doubling every 1 – 2 years” 25 nm 100000000000 10000000000 feature size + die size 1000000000 100000000 10000000 1000000 Today only lithography 100000 25 µm contributes 10000 1000 Componentsper chip 100 feature size + die size + device cleverness 10 1 1959 1969 1979 1989 1999 2009 2019 Year 4 Dennard’s MOSFET Scaling Rules Device/Circuit Parameter Scaling Factor Device dimension/thickness 1/ λ Doping Concentration λ Voltage 1/ λ Current 1/ λ Robert Dennard Capacitance 1/ λ Delay time 1/ λ Transistorpower 1/ λ2 Power density 1 There are no trade-offs. Everything gets better when you shrink a transistor! 5 The Golden Age 1975 - 2000 • Dennard Scaling - as transistor shrinks it gets: – Faster – Lower power (constant power density) – Smaller/lighter • Moore’s Law – More transistors/chip & cost of transistor = ‒15%/year • More powerful chip for same price • Same chip for lower price – Many new applications – large increase in volume 6 Problems with Dennard Scaling • Voltage stopped shrinking
    [Show full text]
  • Investment Portfolio (UNAUDITED) | 01.31.2021 CARILLON CLARIVEST INTERNATIONAL STOCK FUND COMMON STOCKS - 96.4% Shares Value Australia - 6.4% Austal Ltd
    Investment Portfolio (UNAUDITED) | 01.31.2021 CARILLON CLARIVEST INTERNATIONAL STOCK FUND COMMON STOCKS - 96.4% Shares Value Australia - 6.4% Austal Ltd. 15,217 $ 29,697 BHP Group Ltd. 1,577 52,591 Coles Group Ltd. 10,814 149,701 CSL Ltd. 365 75,673 Fortescue Metals Group Ltd. 8,456 139,285 Northern Star Resources Ltd. 6,204 60,038 Resolute Mining Ltd.* 26,683 13,891 Sandfire Resources Ltd. 10,113 36,637 Sonic Healthcare Ltd. 1,960 51,223 Belgium - 0.6% Euronav N.V. 3,933 31,516 UCB S.A. 230 23,817 Denmark - 2.7% AP Moeller-Maersk A/S, Class B 57 117,088 Novo Nordisk A/S, Class B 1,512 105,338 Scandinavian Tobacco Group A/S 2,069 37,460 France - 6.3% BNP Paribas S.A.* 1,287 61,719 Cie Generale des Etablissements Michelin 698 96,189 Constellium SE* 2,500 30,825 Eiffage S.A.* 844 76,608 ENGIE S.A.* 5,396 83,742 Fnac Darty S.A.* 726 40,811 Sanofi 1,307 122,921 Sartorius Stedim Biotech 99 41,449 Societe Generale S.A.* 2,369 44,165 Germany - 8.1% Bayer AG 947 57,315 Daimler AG 2,116 148,615 Deutsche Post AG 2,892 142,850 Deutsche Telekom AG 4,660 82,867 HeidelbergCement AG 980 72,441 Hornbach Holding AG & Co. KGaA 183 17,322 Merck KGaA 816 136,002 Muenchener Rueckversicherungs-Gesellschaft AG 195 51,706 TAG Immobilien AG* 2,175 66,787 Hong Kong - 1.5% CK Hutchison Holdings Ltd.
    [Show full text]
  • John Bean Technologies Corporation (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2016 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-34036 John Bean Technologies Corporation (Exact name of registrant as specified in its charter) Delaware 91-1650317 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 70 West Madison Street Chicago, IL 60602 (Address of principal executive offices) (312) 861-5900 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Exchange on Which Registered Common Stock, $0.01 par value New York Stock Exchange Preferred Share Purchase Rights New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]