OSLO, Norway, Jan. 5, 2021 /PRNewswire/ -- Asetek today updated
its full-year 2020 revenue and pre-tax profit expectations due to
continued strong demand in the fourth quarter.
Asetek expects to report an increase in Group revenue of 33-35%
for 2020 compared with 2019. Gross margin is expected to increase
from 2019, and the Company expects an income before tax of about
$10-11 million.
The previous revenue and pre-tax profit expectations, announced
on October 19, were for revenue
growth of 25-30% in 2020 compared with 2019 and an expected income
before tax of about $9-10
million.
The Company will release its fourth quarter and annual report
for 2020 on February 24,
2021.
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