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Scatec announces a NOK 100 billion business plan towards 2025
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Scatec announces a NOK 100 billion business plan towards 2025
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Record quarterly revenue of $27.9 million, reflecting growth of 78% over Q4 2019
Gross margin increased to 44% in Q4, from 43% in Q4 2019
Record quarterly EBITDA adjusted of $6.9 million in Q4 2020, compared with $2.6 million in Q4 2019
Announced two acquisitions strengthening the Gaming and Enthusiast product offering
Full year revenue grew to a record $72.8 million with EBITDA adjusted of $15.6 million compared with $54.3 million and $6.2 million, respectively in 2019
Group revenue growth expectation of 10 to 20% for 2021, with an expected lower gross margin
Full year 2021 operating income is expected to be between $9 and $15 million
Asetek reported record revenue of $27.9 million in the fourth quarter of 2020, an increase of 78% from the same period of 2019. Revenue in the full year was a record $72.8 million representing growth of 34% compared with 2019. The change from prior year mainly reflects increased shipments of Gaming and Enthusiast products.
Asetek to release Fourth Quarter 2020 Results on Wednesday, 24 February and hold Capital Markets Update presentation on Thursday, 4 March
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OSLO, Norway, Feb. 18, 2021 /PRNewswire/ Asetek will release its financial results for the fourth quarter and fiscal year 2020 on Wednesday, 24 February at 7:00 AM CET. The fourth quarter and the annual report will be made available on www.asetek.com and www.newsweb.no, as well as through news agencies.
Asetek is also pleased to invite investors, analysts, media and other stakeholders to its Capital Markets Update (CMU) and fourth quarter 2020 presentation on Thursday 4 March 2021. A detailed program will be announced closer to the CMU date.
Asetek to release Fourth Quarter 2020 Results on Wednesday, 24 February and hold Capital Markets Update presentation on Thursday, 4 March
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