Asetek (One-pager): Guidance reinstated amidst market challenges
Read the latest Asetek One-pager as the company reinstates its guidance, which was previously suspended amidst market challenges. Asetek restated its guidance, now expecting annual revenues of USD 52-55m FY 2024, with 1-4% EBITDA margin. The new guidance reflects year-on-year revenue declines of -32% to -28%, from -5% to 5% previously, with the revision driven by market challenges in its Liquid Cooling business.
Asetek’s end-user market within Liquid Cooling has faced weakness in 2024, leading a larger customer to exit the market and reducing order volumes from its high-performance computer hardware OEM customers. The company maintained its guidance for 40-60% year-on-year revenue growth in its SimSports business unit.
Read the full One-pager to learn more about Asetek, its investment case, key investment risks and reason, and valuation perspectives against a peer group.
Disclaimer: HC Andersen Capital receives payment from Asetek for a digitalIR/corporate visibility subscription agreement. /Philip Coombes 13:20 03.07.2024
Asetek
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.
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