OSLO, Norway, Oct. 19, 2020 /PRNewswire/ -- Asetek today
updated its full-year 2020 revenue and pre-tax profit expectations
due to continued strong demand.
Asetek expects to report an increase in Group revenue of 25% to
30% in 2020 compared with 2019. Gross margin is expected to
increase from 2019, and the Company expects an income before tax of
about $9-10 million.
The previous revenue and pre-tax profit expectations, announced
on August 18, were for revenue growth
of 15% to 25% in 2020 compared with 2019 and an expected income
before tax of about $7-8 million.
While the Company has experienced strong demand year-to-date
2020, the Company recognizes uncertainty related to potential
future 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