Asetek – Update to Full-year 2023 Guidance
Aalborg, Denmark – June 7, 2023 - Asetek today updated its full-year 2023 revenue and operating income expectations due to increased demand for liquid cooling products for gamers and enthusiasts. Asetek expects to report an increase in Group revenue for 2023 in the range of 25% to 35% compared with 2022, and a projected operating income of about $5 to $7 million. The updated expectations reflect: increased sales after a period of channel inventory adjustments; high product release activity to date in 2023; firm orders as well as feedback received during and after the recent COMPUTEX