OSLO, Norway, July 21, 2020 /PRNewswire/ -- Asetek communicated
in the annual report for 2019 and the first quarter report for
2020, that the company expected a decline in Group revenue of 5% to
10% in 2020 compared with 2019. Gross margins were expected to
increase from 2019 and the Company expected a positive income
before tax.
Following an increase to sales expectations for the rest of
2020, primarily driven strong demand for the Gaming and Enthusiast
product group, Asetek updates the full year 2020 expectations to
a Group revenue increase of 5% to 15% compared with 2019.
Gross margin is expected to increase from 2019, and Asetek expects
an income before tax of about $4-5
million.
The Company recognizes significant uncertainty related to
potential impact from COVID-19 over time. Any such uncertainty is
not included in the expectations for the remainder of 2020.
About Asetek
Asetek, the creator of the all-in-one liquid cooler, is the global
leader for liquid cooling solutions for high performance gaming and
enthusiast PCs, and environmentally aware data centers. Founded in
2000, Asetek is headquartered in Denmark and has operations in China, Taiwan
and the United States. Asetek is
listed on the Oslo Stock Exchange (ASETEK.OL).
For further information, please contact:
CEO and Founder André S. Eriksen
+45-2125-7076, email: ceo@asetek.com
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SOURCE Asetek