Brief: Asetek Q2 EBITDA Adjusted Rises To $6.2 Million

Asetek A/S

09/08/2023 10:04

Aug 9 (Reuters) - Asetek A/S  ASTK.CO :
    * Q2 2023: CONTINUED LIQUID COOLING MARKET IMPROVEMENT
DRIVES
REVENUE GROWTH
    * Q2 REVENUE OF $24.5 MILLION, REFLECTING GROWTH OF 45% OVER
Q2
2022 AND AMONG TOP THREE QUARTERS EVER
    * GROSS MARGIN OF 45%, UP FROM 42% IN Q2 2022
    * Q2 EBITDA ADJUSTED OF $6.2 MILLION, COMPARED WITH $1.3
MILLION
IN Q2 2022
    * FULL YEAR GUIDANCE WAS UPDATED ON AUGUST 2
    * WE HAVE SEEN CONTINUED IMPROVEMENT IN LIQUID COOLING
MARKET WITH
EXECUTION OF PRODUCT LAUNCH PLANS AND HIGH ORDER ACTIVITY
DRIVING REVENUE GROWTH

Source text for Eikon:  ID:nWkrbYQfF0 
Further company coverage:  ASTK.CO 

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