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Asetek Q4: slightly better than expected, wide range guidance reflects conservatism - SEB

Q4 results came in slightly better than we expected and guidance range is wider than usual between -5 and 15% revenue growth and USD -1 and USD 5m EBIT for 2022, reflecting continued headwinds from supply chain challenges, pandemic lockdowns and geopolitical tensions. We are currently at the low end of the growth guidance at -5% but at the mid point of EBIT guidance range at USD 3m, and looking into minor est. revisions.

Q4 results came in slightly better than we expected and guidance range is wider than usual between -5 and 15% revenue growth and USD -1 and USD 5m EBIT for 2022, reflecting continued headwinds from supply chain challenges, pandemic lockdowns and geopolitical tensions. We are currently at the low end of the growth guidance at -5% but at the mid point of EBIT guidance range at USD 3m, and looking into minor est. revisions.
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