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SENASTE
Asetek delivered solid Q3 results with revenue 20% and EBIT 132% above our estimates. The revenue growth was 96% in the quarter, mainly due to an easy comp in Q3/22, high product launch activity and new OEM customer ramp-up for its liquid cooling products. The 2023 guidance largely unchanged at 40-45% revenue growth and USD 8-9m (previously USD 7-9m), but it looks more conservative now on the back of the strong Q3 results. We are looking into small positive est. revisions.
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