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Asetek plans to release its Q4 2020 financial results on February 24, 2021, at 7:00 AM CET. The report will be accessible via its website and news agencies. Additionally, the company invites investors and analysts to its Capital Markets Update on March 4, 2021, where it will provide insights on its growth in liquid cooling solutions and plans for its Gaming segment. The presentation will include contributions from CEO André Sloth Eriksen, COO John Hamill, and CFO Peter Dam Madsen.
Asetek has secured a new order valued at approximately USD 600,000 from a current HPC OEM partner. Shipments for this order are expected to begin late 2020 and conclude early 2021. Asetek specializes in liquid cooling solutions for high-performance gaming PCs and data centers, and this order underscores its ongoing relationship with global partners.
Asetek announced a new order from an existing HPC OEM partner valued at approximately USD 750,000. The order is for a high-density cluster intended for an undisclosed end customer, with delivery expected in Q4 2020. CEO André Sloth Eriksen highlighted the significance of Asetek's solutions for handling high wattage processors in compact configurations. The company's annual group revenue guidance remains unchanged, indicating stable financial outlook despite this being a new order.
Asetek has revised its full-year 2020 revenue and pre-tax profit forecasts, citing strong demand for Gaming and Enthusiast products and improved supply chain capabilities. It now expects revenue growth of 15% to 25% compared to 2019 and a pre-tax profit of approximately $7-8 million. This update marks an increase from the previous guidance of a 5% to 15% revenue increase and $4-5 million in income before tax. The company also acknowledges ongoing uncertainty due to COVID-19.