AALBORG, Denmark, Aug. 2, 2023
/PRNewswire/ -- Asetek today updated its full-year 2023
revenue and operating income expectations due to continued strong
demand for liquid cooling products for gamers and enthusiasts.
Asetek expects to report an increase in Group revenue for 2023
in the range of 40% to 45% compared with 2022, and a projected
operating income of $7 to
$9 million. The updated expectations
primarily reflect increased OEM sales to end-users, high product
release activity in 2023 and sales forecasts for the second half of
the year. The projected results also consider increased costs
related to the higher activity, general inflationary pressures and
USD 0.8 million of one-time charges
related to the dual listing of shares on Nasdaq Copenhagen to be
recognized in the second quarter accounts.
The Company will release its second quarter 2023 report on
August 9.
The previous full year revenue and operating income expectations
communicated on June 7, were for
revenue growth for 2023 in the range of 25% to 35% compared with
2022, and a projected operating income between $5 and $7
million.
For further information, please contact:
CEO and Founder André S. Eriksen, email: ceo@asetek.com
CFO Peter Dam Madsen, +45 2080 7200,
email: investor.relations@asetek.com
About Asetek
Asetek (ASTK), a global leader in mechatronic innovation, is a
Danish garage-to-stock-exchange success story. Founded in 2000,
Asetek established its innovative position as the leading OEM
developer and producer of the all-in-one liquid cooler for all
major PC & Enthusiast gaming brands. In 2013, Asetek went
public while expanding into energy-efficient and environmentally
friendly cooling solutions for data centers. In 2021, Asetek
introduced its line of products for next level immersive SimSports
gaming experiences. Asetek is headquartered in Denmark and has operations in China, Taiwan
and the United States.
This information is considered inside information pursuant to
the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act. This stock exchange release was published by
Peter Dam Madsen, CFO at Asetek A/S,
on August 2, 2023 at
12:55 CEST.
Forward looking statements
This announcement includes forward-looking statements which may
include statements regarding the Asetek's business strategy,
financial condition, profitability, results of operations and
market data, as well as other statements that are not historical
facts. Forward-looking statements include statements concerning our
plans, objectives, goals, future events, performance and/or other
information that is not historical information. By their nature,
forward-looking statements are subject to numerous factors, risks
and uncertainties that could cause actual outcomes and results to
be materially different from those projected. Readers are cautioned
not to place undue reliance on these forward-looking statements.
Except for any ongoing obligation to disclose material information
as required by the applicable law, the Company does not have any
intention or obligation to publicly update or revise any
forward-looking statements after it distributes this announcement,
whether to reflect any future events or circumstances or
otherwise.
The following files are available for download:
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https://mb.cision.com/Main/6758/3812659/2212839.pdf
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Release
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SOURCE Asetek
