Asetek – Q1 2017: Reaffirming 2017 expectations
· Quarterly revenue growth of 10% driven by high-end gaming cooling demand · New orders and development agreement with undisclosed major player reflect increased end-user adoption in data center segment · Shipments of Asetek’s sealed loop coolers surpassed 4 million units since inception · Continued positive EBITDA · Cash dividend of NOK 1.00 per share approved at AGM · Reaffirming 2017 expectations of moderate desktop segment and significant data center revenue growth Asetek reported revenue of $11.5 million in the first quarter of 2017, a 10% increase from the first