Brief: Asetek Aims To Reach Revenue $50 Mln For Liquid Cooling In MId-Term

Asetek A/S

07/11/2024 06:16

Nov 7 (Reuters) - Asetek A/S  ASTK.CO :
    * IN 2023, ASETEK ANNOUNCED MEDIUM-TERM AMBITIONS OF
AVERAGING A
15% ANNUAL INCREASE IN REVENUE UNTIL 2025, HOWEVER, WITH
SIGNIFICANT VARIATIONS FROM YEAR TO YEAR
    * FOR THE LIQUID COOLING SEGMENT, THE COMPANY AIMS TO REACH
A
REVENUE OF USD 50 MILLION TOWARDS THE END OF THE MEDIUM TERM
    * AIMS TO CONSISTENTLY ACHIEVE AN ADJUSTED EBITDA MARGIN OF
+25%
IN THE MEDIUM TERM FOR THE LIQUID COOLING SEGMENT
    * FOR THE SIMSPORTS SEGMENT, THE COMPANY AIMS TO REACH A
REVENUE
OF USD +50 MILLION
    * IN ORDER TO ACHIEVE THE MEDIUM-TERM AMBITIONS ASETEK
EXPECTS
FINANCING NEED AS OF TODAY OF AROUND USD 20 MILLION DURING THE
MEDIUM TERM
    * A SIGNIFICANT SHARE OF THE CAPITAL WILL BE INVESTED OVER
MULTIPLE YEARS

Source text:  ID:nWkr2hrPsf 
Further company coverage:  ASTK.CO 

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