OSLO, Norway, April 7, 2021 /PRNewswire/ -- Asetek today
updated its full-year 2021 revenue and operating income
expectations due to strong demand for Gaming and Enthusiast
products. Asetek expects to report an increase in Group revenue of
20-30% for 2021 compared with 2020, with gross margins lower than
2020. The Company expects an operating income of about $11-16 million, partially reflecting increased
overhead costs to facilitate growth.
The previous revenue and operating income expectations,
announced on February 24, were for
revenue growth of 10-20% in 2021 compared with 2020, with gross
margins lower than 2020, and an expected operating income of about
$9-15 million.
The Company will release its first quarter 2021 report on
April 22.
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 (ASTK.OL).
For further information, please contact:
CEO and Founder André S. Eriksen
+45 2125 7076, email: ceo@asetek.com
This information is considered inside information pursuant to
the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act. This stock exchange release was published by
Peter Dam Madsen, CFO at Asetek A/S,
on April 7, 2021 at
10:10 CEST.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/asetek/r/asetek---update-to-full-year-2021-guidance,c3320798
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SOURCE Asetek