Asetek – Update to Full-year 2023 Guidance
Aalborg, Denmark – August 2, 2023 - Asetek today updated its full-year 2023 revenue and operating income expectations due to continued strong demand for liquid cooling products for gamers and enthusiasts. Asetek expects to report an increase in Group revenue for 2023 in the range of 40% to 45% compared with 2022, and a projected operating income of $7 to $9 million. The updated expectations primarily reflect increased OEM sales to end-users, high product release activity in 2023 and sales forecasts for the second half of the year. The projected results also consider increased costs