Asetek – Update on Q1 2023 Selected Preliminary Financial Figures and Updated Medium-term Ambitions
Aalborg, Denmark - April 18, 2023. Asetek today reports selected preliminary, unaudited, financial figures for the first quarter of 2023. Asetek expects to report revenue of USD 14.7 million for the three months ended March 31, 2023. Gross profit is expected at USD 6.5 million and operating income (EBIT) at USD 1.0 million. The results are primarily a function of revenues on par with the first quarter of 2022, an improved gross margin and significantly lower operating expenses. The gross margin improvement is attributable to, among other factors, a ‘richer’ product mix, increased