Asetek suspends revenue and profitability guidance for 2024
Asetek A/S has received updated purchase forecasts from a number of the company’s largest OEM customers. Based on these new forecasts, the expected increase in demand in the second half of 2024 of the company’s liquid cooling products may not materialize. This will result in a significant decline in Group revenue and profitability for 2024 compared to the revenue and profitability guidance issued on March 8, 2024. The management team and board of directors of Asetek will consider the long- and short-term consequences of the weakened and uncertain market situation. The assessment today is