Brief: Asetek Expects Adjusted EBITDA Margin In 2024 To Be In Range Of 12% To 17% Of Revenue

Asetek A/S

08/03/2024 07:41

March 8 (Reuters) - Asetek A/S  ASTK.CO :
    * REVENUE GROWTH IN 2024 IS EXPECTED TO BE IN RANGE OF -5%
TO 5%
COMPARED WITH 2023
    * ADJUSTED EBITDA MARGIN IN 2024 FOR GROUP IS EXPECTED TO BE
IN
RANGE OF 12% TO 17% OF REVENUE
    * MACRO-ECONOMIC ENVIRONMENT IN BEGINNING OF 2024 IS
CONTINUING TO
SHOW SIGNS OF IMPROVEMENT, ALTHOUGH PICTURE IS MIXED IN
DIFFERENT REGIONS
    * FUTURE REVENUE VISIBILITY REMAINS LOW
    * IN LATTER PART OF 2023, STRONG DEMAND FROM MAJOR OEM
CUSTOMERS
REFLECTED THEIR BUILD-UP OF INVENTORY LEVELS
    * HIGHER INVENTORY LEVELS HEADING INTO 2024 ARE RESULTING IN
SOFTER DEMAND FOR ASETEK PRODUCTS
    * INDICATIONS POINTING TO MORE NORMALIZED INVENTORY LEVELS
AND
CUSTOMER DEMAND IN SECOND HALF OF 2024

Source text for Eikon:  ID:nObi8zSNMa 
Further company coverage:  ASTK.CO 

 (Gdansk Newsroom)
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