Asetek – Q3 2017: Revenue Growth Driven by High-end Gaming Cooling Demand
· Q3 revenue growth of 24% driven by high-end gaming cooling demand · USD 1.4 million pre-tax profit and $3.0 million EBITDA adjusted in the quarter · New desktop product developments with Lenovo and AMD · Full-year 2017 data center revenue expectation changed: Now anticipating roughly the same level as in 2016 due to an unexpected adjustment to a large anticipated order in Q4 · Firming up full-year 2017 desktop revenue growth expectations to 15% - 20% compared to the earlier announced 10%-20% Asetek reported revenue of $17.7 million in the third quarter of 2017, an increase