Asetek – Q2 2019: Solid Quarter – Increased Uncertainty for Remainder of 2019
· Q2 revenue of $17.1 million compared with record level of $19.5 million in Q2 2018 · Gross margins grew to 42% in Q2 and first half, up from 36% in the same periods of the prior year · Q2 EBITDA adjusted of $3.3 million, improved from $2.9 million in Q2 2018 · First half revenue of $28.3 million and EBITDA adjusted of $3.6 million compared with $33.4 million and $3.8 million respectively in 2018 · Group revenue expectation for 2019 adjusted in July to a decrease of approximately 20% compared with 2018, due to macroeconomic and industry headwinds reducing customer forecasts in