Asetek (One-pager): Reinstated guidance maintained after Q2 2024
Read the latest Asetek One-pager following the Q2 2024 results. Asetek maintains its reinstated guidance from 01.07.2024, as the company continues to face broader and idiosyncratic market challenges. Asetek maintains expectations for growth of 40-60% in its SimSports activities, profitability within liquid cooling, and finalisation of its new HQ. However, the new guidance reflects year-on-year revenue declines of 32–28% from the high level of 2023.
Learn more about Asetek’s market and liquidity situation, outlook for the remainder of 2024, and for relative valuation perspectives against a peer group in the One-pager. The research also outlines the key investment case, key investment risks, and key investment reasons relating to Asetek.
Disclaimer: HC Andersen Capital receives payment from Asetek for a digitalIR/corporate visibility subscription agreement. / Philip Coombes 13:00 14.08.2024.
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Asetek
Asetek is a global leader within liquid cooling solutions for high-end PC’s and also produces high-end equipment for SimSports. Asetek was listed on the OBX Oslo Stock Exchange in 2013. Asetek’s liquid cooling of high-end PC’s and eSports enthusiasts is its largest segment. Its sealed loop liquid cooler supports the thermal challenges of the computers and can also be implemented at data centers to provide significant energy savings and recapturing of heat against the air cooling industry norm; however, this segment remains relatively smaller. In 2021 Asetek made its first expansion into the SimSports Gaming market with its high-end SimRacing pedals, designed to create an immersive experience for sim racers. Asetek plans to expand further into the SimRacing value chain with ambitions to release wheelbases, steering wheels, shifters, and other end-user customization options.
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