Asetek – Updates on Full Year 2022 Guidance and Operational Developments
Aalborg, Denmark – August 03, 2022 – Asetek A/S today provided an update to its full-year 2022 revenue and operating income expectations and on recent operational developments: · Full-year guidance temporarily suspended due to reduced visibility on OEM customer and end-user demand for Gaming & Enthusiast products as rising inflation and interest rates add to a continued uncertain and challenging business climate · Organizational rightsizing implemented to reduce operating costs and improve efficiency · Allocating resources to accelerate SimSports product development ·