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Asetek has just released full Q1 results. The numbers are in line with its preliminary results (pre-released on 18 April). Our focus today is on the performance of business divisions: G&E business has improved with unit sales 4% below Q1/22 but much better than the last two quarters. The sales of new product category Simsports were better than our expectation. We think the 2023 guidance looks conservative and expect to make small positive EBIT est. revisions .
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