Brief: Asetek Q1 Adjusted EBITDA Turns To Loss Of $37,000

Asetek A/S

30/04/2024 11:59

April 30 (Reuters) - Asetek A/S  ASTK.CO :
    * FULL-YEAR 2024 OUTLOOK MAINTAINED
    * Q1 REVENUE OF $12.2 MILLION, COMPARED WITH $14.8 MILLION
IN Q1
2023
    * MACRO-ECONOMIC ENVIRONMENT IN BEGINNING OF 2024 IS SHOWING
SIGNS
OF IMPROVEMENT, ALTHOUGH WITH REGIONAL DIFFERENCES
    * FUTURE REVENUE VISIBILITY REMAINS LOW
    * Q1 EBITDA ADJUSTED LOSS OF $37 THOUSAND COMPARED WITH
PROFIT
$2.8 MILLION IN Q1 2023
    * INDICATIONS FROM CUSTOMERS AND INDUSTRY PLAYERS ARE
POINTING TO
MORE NORMALIZED INVENTORY LEVELS AND INCREASED DEMAND IN H2

Source text for Eikon:  ID:nWkr5GS54q 
Further company coverage:  ASTK.CO 

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