contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls {
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


asetek-new-rights-issue-announced-in-connection-with-q3-2024-results-to-support-simsports-investments

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

alternatePageUrls

imgUrl

description

Equity Research Analyst

Philip Coombes

Asetek är specialiserade inom tillverkning av vattenkylningsprodukter för datacenter och servrar. Bolaget levererar anpassade kylprodukter för dataprocessorer och grafikkort, främst avsedda för persondatorer med hög- och avancerad prestanda. Verksamheten bedrivs på global nivå med störst närvaro inom Nordamerika och Asien. Bolaget grundades år 2000 och har sitt huvudkontor i Aalborg. 

Asetek

Asetek announced a new rights issue in connection with its Q3 2024 results, expected to raise around USD 15m in gross proceeds. The rights issue is to meet the investment needs necessary to meet Asetek’s revised medium-term financial ambitions, and particularly the development of its SimSports activities.

Asetek announced a new rights issue in connection with its Q3 2024 results, expected to raise around USD 15m in gross proceeds. The rights issue is to meet the investment needs necessary to meet Asetek&#x2019;s revised medium-term financial ambitions, and particularly the development of its SimSports activities. Following recent changes to the liquid cooling market, with new Chinese entrants, and a larger client insolvency, Asetek&#x2019;s renewed mid-term ambitions are for liquid cooling revenues around USD 50m, with an EBITDA margin &gt;25%, and continued development of SimSports revenues to around USD 50m, with a positive (single-digit) EBITDA margin. To reach the scale-up in SimSports Asetek expects financing needs of around USD 20m, as positive cash flows from liquid cooling are not fully sufficient, and is the foundation for the rights issue.
Asetek maintains its full-year 2024 guidance in connection with the Q3 results for group revenues of USD 52-55m (-28 to -32% y/y), and an adj. EBITDA margin of 1-4%. This is comprised of liquid cooling revenues of USD 42-44m (-35% to -40% y/y), and SimSports revenues of USD 10-11m (40% - 60% y/y). The previous medium-term target was for averaging a 15% annual increase in revenue until 2025.
During Q3 2024 Asetek showed a slight revenue decline compared to Q2 2024 to USD 12.3m (USD 13.0m for Q2 2024), with some margin compression in liquid cooling, falling to 25%, from 32% in Q2. Group Adj. EBITDA was realized at USD -0.5m compared to USD 0.2m in Q2 2024, mostly driven by the mentioned EBITDA margin contraction. Year-on-year group revenues were -43% compared to Q3 2023, driven by the market challenges in liquid cooling. Looking ahead to the end of the year Asetek has announced a partnership agreement with Xbox to enter the console market, and two SimSports distribution agreements yielding USD 2m in Q4 2024. A cost-saving initiative has also been initiated within liquid cooling, with an annual expected cost saving of USD 3m, with full effect from Q1 2025. The quarter also included mandatory non-cash write-downs of USD 18m to match booked equity toward share-price based valuation models. Disclaimer: HC Andersen Capital receives payment from Asetek for a DigitalIR/Corporate visibility subscription agreement. /Philip Coombes 10:43 07/11/2024; updated 11:52 11/11/2024

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