Brief: Asetek Q2 Revenue Down At $12.7 Mln

Asetek A/S

13/08/2024 10:07

Aug 13 (Reuters) - Asetek A/S  ASTK.CO :
    * Q2 REVENUE OF $12.7 MILLION COMPARED WITH $24.5 MILLION IN
Q2
2023
    * Q2 ADJUSTED EBITDA OF $0.2 MILLION, COMPARED WITH $6.2
MILLION
IN Q2 2023
    * HAS INITIATED MEASURES TO RIGHT-SIZE ORGANIZATION AND
MANAGEMENT, INCLUDING SCALING DOWN USA OPERATIONS
    * OUTLOOK 2024 UNCHANGED
    * MEASURES ARE EXPECTED TO YIELD ANNUAL COST SAVINGS OF
APPROXIMATELY $3 MILLION WITH FULL EFFECT FROM Q1 OF 2025

Source text for Eikon:  ID:nWkr4PgxRL 
Further company coverage:  ASTK.CO 

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