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Asetek (ASETEK.OL) is the global leader in liquid cooling solutions for data centers, servers and PCs. Founded in 2000, Asetek is headquartered in Denmark and has operations in California, Texas, China and Taiwan. Asetek is listed on the Oslo Stock Exchange. For more information visit http://www.asetek.com.

Contacts

  • Asetek A/S
    Assensvej 2 DK-9220 Aalborg East Denmark
    +45 2080 7200
    96450047
    http://www.asetek.com
  • Asetek A/S
    Assensvej 2 9220 Aalborg East Denmark
    +45 9645 0047
    http://www.asetek.com
  • Peter Dam Madsen

    Chief Financial Officer


    Assensvej 2 DK-9220 Aalborg, Denmark
    +45 9645 0047
    +45 2080 7200
    http://www.asetek.com
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    Asetek – Q3 2024: Soft quarter as expected – continued strong progress in SimSports

    · Q3 revenue of $12.2 million, compared with $20.5 million in Q3 2023 · Gross margin of 36%, compared with 46% in Q3 2023, due to supply chain quality issue that has since been rectified · Q3 EBITDA adjusted of ($0.5) million compared with $4.8 million in Q3 2023 · Net income is impacted by $18 million of non-cash write downs and $0.8 million U.S. tax cost · Year-to-date revenue of $37.1 million and adjusted EBITDA of ($0.3) million, compared with $59.7 million and $13.7 million in the same periods of 2023, respectively · SimSports with significant commercial progress,

    Strengthening of Asetek's financial position through rights issue and update of medium-term ambitions

    NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Aalborg, 7 November 2024 Strengthening of financial position through rights issue The board of directors of Asetek A/S ("Asetek" or the "Company") has resolved to seek to strengthen the Company's financial position through a rights issue. As announced in the half year report of 2024 of the Company and the related company announcement of 13 August

    Asetek signs Designed for Xbox partnership

    This press release is a follow-up to the press release distributed on October 15, 2024 titled " Asetek accelerating SimSports growth by entering a license agreement with a global console manufacturer”. Asetek is pleased to announce the signing of a partnership with Designed for Xbox. The partnership is a key strategic milestone for Asetek’s SimSports business, making the Company’s acclaimed sim racing products available to millions of gamers worldwide on Xbox Series X|S and Xbox One consoles under the Designed for Xbox brand. There are an estimated 60 million lifetime players of

    Asetek SimSports announces partnership with Xbox

    Denmark, Aalborg 6 November 2024 Asetek SimSports today announces a brand-new partnership with Designed for Xbox which will see the manufacturer of sim-racing hardware enter the games console market for the first time. The Designed for Xbox collaboration will see Asetek SimSports’ new and select existing products made console compatible, ensuring seamless connectivity and delivering an authentic racing experience to users of the Xbox Series X|S and Xbox One around the world. Inspired by real-life racing cars, Asetek SimSports’ products are designed and crafted with performance and

    Invitation to Asetek’s Q3 2024 Earnings Call on Thursday, 7 November

    Asetek will release its financial results for the third quarter of 2024 on Thursday, 7 November around 07.00 am CET. CEO André Sloth Eriksen and CFO Peter Dam Madsen will present and comment on the Company's results at 10.00 am CET. The presentation is open to the public and is expected to last up to one hour, including Q&A, and can be followed via live webcast or conference call. Webcast – audio and slide presentation: All participants wishing to join the webcast are required to pre-register using the following link: https://events.q4inc.com/attendee/650198685 

    Asetek enters partnership with US-based world class racing simulator reseller Podium 1

    Asetek is pleased to announce the signing of a partner agreement for its acclaimed sim racing products, the Invicta, Forte, and La Prima lines with Podium 1, the fastest growing turnkey racing simulator builder in the US. Under the agreement, Asetek will recognise approximately $1.5 million of SimSports revenue in the fourth quarter of 2024. The Podium 1 team has extensive racetrack experience and founded the sim racing business on the desire for more competition, more adrenaline, more thrill that only a track can provide, also during the off-track season. Podium 1’s mission is creating

    Asetek SimSports launches customisable high-performance Invicta Steering Wheel

    Asetek SimSports – the manufacturer of sim-racing hardware based in Aalborg, Denmark – is today proud to launch a state-of-the-art product, the Invicta Steering Wheel. Inspired by real-life Formula racing cars, the Invicta Steering Wheel has been designed and crafted with supreme performance and immersion in mind. Asetek’s long history of innovation, engineering excellence, and real-life racing experience and gaming expertise combine to make the ultimate steering wheel.The Invicta Steering Wheel offers maximum rigidity from a CNC-milled aluminium chassis and carbon fibre front plate, all

    Asetek signs distribution agreement with sim racing specialist Pagnian Imports for Australia and New Zeeland

    Asetek is pleased to announce the signing of a distribution agreement for its acclaimed sim racing products with simulator gaming specialist Pagnian Imports Pty for the Australian and New Zeeland markets. Under the agreement, Asetek will recognise $0.5 million of SimSports revenue in the fourth quarter of 2024. Pagnian is an award winning Australian owned and operated simulation gaming hardware expert. The company is owned by Next Level Racing, a global brand which provides industry-leading sim racing, flight and motion solutions products, including racing cockpits, seats and stands. “

    Asetek accelerating SimSports growth by entering a license agreement with a global console manufacturer

    Asetek is pleased to announce the signing of a license agreement with an undisclosed global console manufacturer. The agreement is a key strategic milestone for Asetek’s SimSports business, making the Company’s acclaimed sim racing products available to millions of gamers worldwide. “This is what we have been working hard on to achieve. There is a growing number of sim racers worldwide, and Asetek SimSports will now be able to engage with a significantly larger group of gamers. We made a strategic decision a year ago to seek a license, which will enable us to launch the first products

    Asetek Appoints New Commercial Leadership to Strengthen Brand and Drive Sales

    Asetek announce the appointment of Maja Sand-Grimnitz as vice president (VP) Brand and Digital, and Henrik Lindskou-Mouritsen as VP Global Sales. They bring extensive experience from commercialization of gaming hardware and international sales to drive deployment of Asetek’s acclaimed sim racing products and build on the leading position within Liquid Cooling. “I am pleased to have both Henrik and Maja join Asetek, further strengthening our commercial focus and enabling increased efficiencies by consolidating the management team in Denmark,” said André Sloth Eriksen the CEO of Asetek. “

    Clarification of Q2 Earnings call: 14:30 CEST August 13

    In the press release for the Q2 report published today August 13, it was incorrectly stated that the Q2 earnings call will be held at 14:00 CEST. The correct time is 14:30 CEST. All other conference call details are correct according to the invitation published on August 6. Please find the invitation here: https://ir.asetek.com/news/stock-exchange-releases/release-details/2024/Invitation-to-Aseteks-Second-Quarter-2024-Results-on-Tuesday-13-August/default.aspx For further information, please contact: Per Anders Nyman, Head of Investor Relations Mobile: +45 2566 6869 E-mail:

    Asetek – Q2 2024: Lower demand impacting Liquid cooling business, SimSports on track

    · Q2 revenue of $12.7 million compared with $24.5 million in Q2 2023 · Q2 gross margin of 45%, level with Q2 2023 · Q2 adjusted EBITDA of $0.2 million, compared with $6.2 million in Q2 2023 · SimSports revenue was in line with expectations at $1.7 million in the quarter. Q2 2023 SimSports revenue of $2.4 million was unusually high due to initial shipments to a large reseller · First-half 2024 revenue of $24.9 million and adjusted EBITDA of $0.2 million, compared with $39.3 million and $8.9 million in first-half 2023, respectively · Group revenue expectation updated on July 1

    Invitation to Asetek’s Second Quarter 2024 Results on Tuesday, 13 August

    Asetek will release its financial results for the second quarter and first half year of 2024 on Tuesday, 13 August around 11:00 CEST. CEO André Sloth Eriksen and CFO Peter Dam Madsen will present and comment on the Company's results at 14:30 CEST and invite investors, analysts and media to join the presentation. The presentation is expected to last up to one hour, including Q&A, and can be followed via live webcast or conference call. Webcast - audio and slide presentation: Please join the results webcast via the following link: https://events.q4inc.com/attendee/357370961

    Asetek updates 2024 outlook and initiates cost saving program

    Asetek A/S (“Asetek” or “the Company”) updates its revenue and profitability outlook for 2024. Group revenue is expected in the range of $52-55 million, with an adjusted EBITDA margin of 1-4%. Due to the revised outlook, Asetek has initiated measures that are expected to yield annual cost savings of approximately $3 million with full effect from the first quarter of 2025. Following the suspension of guidance for 2024 announced on 11 June, the Company has analyzed the latest available purchase forecasts from the largest OEM customers and conducted a review of operations, resulting in:

    Asetek suspends revenue and profitability guidance for 2024

    Asetek A/S has received updated purchase forecasts from a number of the company’s largest OEM customers. Based on these new forecasts, the expected increase in demand in the second half of 2024 of the company’s liquid cooling products may not materialize. This will result in a significant decline in Group revenue and profitability for 2024 compared to the revenue and profitability guidance issued on March 8, 2024. The management team and board of directors of Asetek will consider the long- and short-term consequences of the weakened and uncertain market situation. The assessment today is

    Asetek Announces Revolutionary New AI Optimized Cold Plate Solution In Collaboration With Fabric8Labs to Redefine Industry Leading Performance

    Revolutionizing Liquid Cooling: Asetek Unveils AI-Optimized Cold Plate to ComputexAalborg, Denmark – June 3, 2024 –– Asetek, innovator of gaming hardware for next-level immersive gaming experiences and the creator of the all-in-one (AIO) liquid cooler, today announced a strategic partnership with Fabric8labs, a leading innovator in metal 3D printing.   This exclusive partnership with Fabric8Labs covers the commercial and consumer desktop markets and introduces a revolutionary advancement in liquid cooling technology, showcased in the AI Optimized Cold Plate. Leveraging Fabric8Labs’

    Asetek - Mandatory Notification of Trade

    16 May 2024 – Member of the Board of Directors of Asetek A/S Anja Monrad has on 13 May 2024 purchased 50,000 shares in the open market at an average price of DKK 4.00 per share. Following the transaction, Anja Monrad owns 50,000 Asetek shares. For further information, please contact:CFO, Peter Dam Madsen, +45 2080 7200, email: investor.relations@asetek.comHead of Investor Relations, Per-Anders Nyman, +45 2566 6869, email: investor.relations@asetek.com About AsetekAsetek (ASTK), a global leader in mechatronic innovation, is a Danish garage-to-stock-exchange success story. Founded

    ASETEK – Outcome of Annual General Meeting

    April 30, 2024 - Following the general meeting, the Board of Directors constituted itself with Mr. René Svendsen-Tune as chairman and Mr. Erik Damsgaard as vice chairman. Aalborg, April 30, 2024 - Asetek A/S today held the annual general meeting at its offices in Aalborg, Denmark. The general meeting took note of the report by the Board of Directors and Management, and the audited annual report for 2023 was approved. The Nomination Committee reported on its activities during last year. The Nomination Committee’s proposed remuneration to be paid to the members of the Board of

    Asetek – Q1 2024: Soft start to the year as expected, full-year expectations maintained

    · First-quarter revenue of $12.2 million, compared with $14.8 million in Q1 2023. · Gross margin of 44%, level with Q1 2023 · Q1 EBITDA adjusted of ($37) thousand compared with $2.8 million in Q1 2023 · SimSports revenue of $2.2 million, up 69% from Q1 2023 · In April, new OEM partner TRYX introduced a line of all-in-one CPU coolers, featuring unique new features including a custom display · Full-year 2024 outlook maintained – expected revenue in the range of -5% to 5% compared with 2023, with adjusted EBITDA projected to be between 12% and 17% of revenue Asetek reported

    Invitation to Asetek’s First Quarter 2024 Results on Tuesday, 30 April

    Asetek will release its financial results for the first quarter 2024 on Tuesday, 30 April around 12:00 CEST. CEO André Sloth Eriksen and CFO Peter Dam Madsen will present and comment on the Company's results at 14:00 CEST and invite investors, analysts and media to join the presentation. The presentation is expected to last up to one hour, including Q&A, and can be followed via live webcast or conference call. Webcast - audio and slide presentation: Please join the results webcast via the following link: https://events.q4inc.com/attendee/131208487 Conference call - audio only:

    Industry Newcomer TRYX Ushers In A New Breed of Premium AIO Liquid Coolers Powered by Asetek Gen8 Cooling Technology

    TRYX PANORAMA All-in-One CPU Liquid Coolers Pair A Rich AMOLED Display With The World’s Most Trusted Name In Liquid CoolingAalborg, Denmark – April 8, 2024 –– Asetek, innovator of gaming hardware solutions for next-level immersive gaming experiences and the creator of the all-in-one (AIO) liquid cooler, today announced that new OEM Partner TRYX has announced its PANORAMA line of AIO CPU liquid coolers, featuring the largest most immersive AMOLED display on a pump to-date. TRYX PANORAMA coolers are packed with industry leading features and powered by Asetek Gen8 cooling technology. By

    ASETEK - Notice of Annual General Meeting April 30, 2024

    The Board of Directors of Asetek A/S hereby gives notice of the annual general meeting to be held on April 30th 2024 in Aalborg, Denmark. The notice convening the general meeting, the agenda, and the full text of all proposals can be downloaded from here . On the day of the notice of the general meeting there are 98,313,892 shares and 98,313,892 voting rights in Asetek A/S. The following documents will be submitted to the general meeting: · Annual Report 202 (

    Asetek – Last day of listing and trading on Oslo Børs today

    As announced on 20 December 2023, the shares of Asetek A/S ("Asetek") will be delisted from Oslo Børs from and including 27 March 2024. The last day of listing and trading of Asetek's shares on Oslo Børs is today, 26 March 2024. Asetek's shares have been dual listed on Oslo Børs and Nasdaq Copenhagen since the listing on Nasdaq Copenhagen on 17 May 2023 and will continue to be listed on Nasdaq Copenhagen following the delisting from Oslo Børs. Further information on the delisting and how to transfer shares for trading on Nasdaq Copenhagen can be found on the company's website, www.

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