Asetek - Q4 2022: Continued Market Challenges With Signs of Stabilization
The change from prior year for both periods reflects a decline in shipments of liquid cooling products due to the continued challenging business climate.
- The change from prior year for both periods reflects a decline in shipments of liquid cooling products due to the continued challenging business climate.
- "While the general business climate remains challenging, we are seeing signs of our markets stabilizing with increased activity from our liquid cooling customers.
- We recently started shipping our innovative wheelbases and steering wheels with very strong feedback from end-users in the racing community.
- At the same time, there are early signs of market stabilization as the impact of pandemic lockdowns and supply chain disturbances start to ease.