Asetek (one-pager): a PC liquid cooling leader expanding into SimSports

Today we post our updated one-pager on Asetek, a Danish company that designs, manufactures, and sells high-end gaming hardware and is a leading supplier of liquid cooling solutions for computer enthusiasts and gamers to major OEM gaming brands and also scaling up its SimSports activities.

Asetek realised a positive Q1 with a return to growth in liquid cooling activities, its major revenue and cash-generating segment. SimSports activities also saw sales growth, and overall, the quarter saw a return to profitability and improving margins. The company also recently completed a rights issue, raising gross proceeds of USDm 20, easing liquidity constraints relating to the construction of its new headquarters in Denmark. While risks still exist in the market and the share Q1 was an important step back towards sustained profitability.

To learn more about Asetek, its current market conditions, valuation against its peers, and outlook moving forward, read the updated One-pager below.

Disclaimer: HC Andersen Capital receives payment from Asetek for a Digital IR/Corporate Visibility subscription agreement. /Philip Coombes 11:00, 25 May 2023.