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Asetek: Set for strong growth on easy comparison base - SEB

We expect strong revenue growth of 63% in Q3/23 on an easy comparison base in Q3/22. The company has raised its 2023 guidance twice, but we think current guidance still looks conservative. Our estimates are unchanged ahead of the Q3 report and we continue to expect 47% revenue growth, above current company guidance of 40-45%. Our valuation range is unchanged at DKK 6-12 per share.

We expect strong revenue growth of 63% in Q3/23 on an easy comparison base in Q3/22. The company has raised its 2023 guidance twice, but we think current guidance still looks conservative. Our estimates are unchanged ahead of the Q3 report and we continue to expect 47% revenue growth, above current company guidance of 40-45%. Our valuation range is unchanged at DKK 6-12 per share.
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