Asetek – Update to Full Year 2021 Guidance
April 7, 2021 – Asetek today updated its full-year 2021 revenue and operating income expectations due to strong demand for Gaming and Enthusiast products. Asetek expects to report an increase in Group revenue of 20-30% for 2021 compared with 2020, with gross margins lower than 2020. The Company expects an operating income of about $11-16 million, partially reflecting increased overhead costs to facilitate growth. The previous revenue and operating income expectations, announced on February 24, were for revenue growth of 10-20% in 2021 compared with 2020, with gross margins lower than