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SENASTE
Asetek has pre-released its Q2 results and suspended its FY guidance. The preliminary Q2 results are in line with our sales estimate and slightly higher on EBIT. However, visibility on the demand side is reduced and it is our impression that the H2 could be weaker than we currently expect. The company has initiated a cost reduction programme (expected annual cost saving of USD 4-5m) with full effect during H2. A further esimate cut is possible.
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