ASTK Asetek A/S

ASETEK – Update to Full Year 2016 Revenue Guidance

OSLO, Norway--(BUSINESS WIRE)--

Asetek (OSE:ASETEK) communicated in its second quarter 2016 report announced 17 August 2016 that the company’s expectation for full year 2016 revenue within the company’s desktop segment had solidified through the first half and into the second half of 2016. Furthermore, that the company expected full year 2016 desktop segment revenue above $37 million, equal to more than 10% revenue growth.

The company today announces that due to continued positive development within Asetek’s desktop segment, the company increases its full year 2016 desktop segment revenue guidance from more than 10% increase over 2015 to an increase of more than 20% over 2015, equal to above $43 million. The increase in demand is due to higher activity within the desktop segment’s do it yourself (DIY), computer gaming and virtual reality customers.

Within its data center segment, Asetek maintains its expectation of significant revenue growth in 2016 from $1.9m in 2015.

This information was brought to you by Cision http://news.cision.com

EN
15/09/2016

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