Brief: Asetek Suspends Revenue And Profitability Guidance For 2024

Asetek A/S

11/06/2024 22:45

June 11 (Reuters) - Asetek A/S  ASTK.CO :
    * ASETEK SUSPENDS REVENUE AND PROFITABILITY GUIDANCE FOR
2024
    * ASETEK SIMSPORTS IS DEVELOPING ACCORDING TO PLAN AND
GUIDANCE OF
A 40-60% REVENUE GROWTH IN 2024 COMPARED TO 2023 IS MAINTAINED
    * ASETEK -MANAGEMENT TEAM AND BOARD OF DIRECTORS OF ASETEK
WILL
CONSIDER LONG- AND SHORT-TERM CONSEQUENCES OF WEAKENED AND
UNCERTAIN MARKET SITUATION
    * ASETEK- WILL RESULT IN  DECLINE IN GROUP REVENUE ,
PROFITABILITY
FOR 2024 COMPARED TO REVENUE AND PROFITABILITY GUIDANCE ISSUED
ON MARCH 8, 2024.
    * : ASSESSMENT TODAY IS THAT NEGATIVE TREND IN REVENUE MAY
CONTINUE INTO 2025
    * GIVEN DEVELOPMENT IN LIQUID COOLING BUSINESS SEGMENT, CO
HAS
DECIDED TO SUSPEND GROUP REVENUE AND PROFITABILITY GUIDANCE FOR
2024
    * COMPANY WILL REASSUME GUIDANCE AS SOON AS POSSIBLE

Source text for Eikon:  ID:nWkrbY9N2c 
Further company coverage:  ASTK.CO 

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