Brief: Asetek Updates Full-Year 2023 Guidance

Asetek A/S

02/08/2023 12:09

Aug 2 (Reuters) - Asetek A/S  ASTK.CO :
    * UPDATE TO FULL-YEAR 2023 GUIDANCE
    * UPDATED ITS FULL-YEAR 2023 REVENUE AND OPERATING INCOME
EXPECTATIONS DUE TO CONTINUED STRONG DEMAND FOR LIQUID COOLING
PRODUCTS FOR GAMERS AND ENTHUSIASTS
    * EXPECTS TO REPORT AN INCREASE IN GROUP REVENUE FOR 2023 IN
RANGE
OF 40% TO 45% COMPARED WITH 2022
    * SEES 2023 PROJECTED OPERATING INCOME OF $7 TO $9 MILLION
    * UPDATED EXPECTATIONS PRIMARILY REFLECT INCREASED OEM SALES
TO
END-USERS, HIGH PRODUCT RELEASE ACTIVITY IN 2023 AND SALES
FORECASTS FOR SECOND HALF OF YEAR
    * PREVIOUS FULL YEAR REVENUE AND OPERATING INCOME
EXPECTATIONS
COMMUNICATED ON JUNE 7, WERE FOR REVENUE GROWTH FOR 2023 IN
RANGE OF 25% TO 35% COMPARED WITH 2022, AND A PROJECTED
OPERATING INCOME BETWEEN $5 AND $7 MILLION

Source text for Eikon:  ID:nWkrbdw0C2 
Further company coverage:  ASTK.CO 

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