Asetek (One-pager): Guidance suspended due to limited order visibility in liquid cooling
Read the updated Asetek One-pager following the company's suspension of guidance due to limited order volume visibility from its liquid cooling segment. Asetek’s OEM customers restocked their inventories in 2023, which have remained elevated in 2024, negatively impacting demand YTD 2024. Asetek suspended its liquid cooling and group guidance following weaker-than-expected purchase forecasts from its major liquid cooling customers.
Learn more about Asetek, its recent history, including its performance in 2023, and its revised outlook for 2024 in the One-pager below.
Disclaimer: HC Andersen Capital receives payment from Asetek for a DigitalIR/corporate visibility subscription agreement./Philip Coombes 10:20 13.06.2024.
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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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