Asetek – Update to Full Year 2020 Guidance
August 18, 2020 – Asetek today updated its full-year 2020 revenue and pre-tax profit expectations due to continued strong demand for Gaming and Enthusiast products and corresponding recent improvements in supply chain capabilities that enable this demand to be serviced. Asetek expects to report an increase in Group revenue of 15% to 25% in 2020 compared with 2019. Gross margin is expected to increase from 2019, and the Company expects an income before tax of about $7-8 million. This is the second update to full-year expectations published by the Company in 2020. The previous