OSLO, Norway, Aug. 18, 2020 /PRNewswire/ -- Asetek today
updated its full-year 2020 revenue and pre-tax profit expectations
due to continued strong demand for Gaming and Enthusiast products
and corresponding recent improvements in supply chain capabilities
that enable this demand to be serviced.
Asetek expects to report an increase in Group revenue of 15% to
25% in 2020 compared with 2019. Gross margin is expected to
increase from 2019, and the Company expects an income before tax of
about $7-8 million.
This is the second update to full-year expectations published by
the Company in 2020. The previous expectations, which were
communicated on July 21 and
reiterated in the second-quarter report, were for a revenue
increase of 5% to 15% compared with 2019, an increase in gross
margin from 2019 and an income before tax of about $4-5 million.
The Company recognizes significant uncertainty related to
potential 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:
André S. Eriksen
CEO and Founder
+45-2125-7076
Email: ceo@asetek.com
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SOURCE Asetek