contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


asetek-one-pager-strong-simsports-growth-amid-liquid-cooling-market-challenges

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Equity Research Analyst

Philip Coombes

Head of Research, Stables

Rasmus Køjborg

Asetek er global leder indenfor design, udvikling og salg af væskebaserede køleløsninger til specielt gaming-PC’ere og datacentre. Samtidig er selskabet også aktiv indenfor udstyr til SimSports i den kvalitetsmæssige høje ende. Asetek har hovedkontor i Aalborg (Danmark) og afdelinger i Kina, Taiwan og USA. Asetek blev noteret på OBX Oslo Børs i 2013.

Asetek’s væskebaserede køleløsninger, der finder anvendelse indenfor PC’ere hvor høj ydeevne er et vigtigt krav, er selskabets største segment. Der er tale om forseglede køleløsninger (all-in-one) der sælges via OEM aftaler. Disse kan også implementeres i datacentre for at give betydelige energibesparelser, og genindvinding af varme i forhold til hvad kendes fra luftbaserede køleløsninger. Dette segment er dog fortsat relativt begrænset.

I 2021 valgte Asetek gå ind i markedet for SimSports, altså forskellige sportsdiscipliner afviklet på computere, såsom racerløb, basketball, fodbold mv. Her har Asetek i første omgang lanceret flere sæt pedaler inkl. software til SimRacing, og har flere produkter i udvikling såsom rat, og basen hvor rattet monteres.

Husk at læse hele vores research disclaimer på https://www.inderes.dk/disclaimer. Dansk:  Asetek er global leder indenfor design, udvikling og salg af væskebaserede køleløsninger til specielt gaming-PC’ere og datacentre. Samtidig er selskabet også aktiv indenfor udstyr til SimSports i den kvalitetsmæssige høje ende. Asetek har hovedkontor i Aalborg (Danmark) og afdelinger i Kina, Taiwan og USA. Asetek blev noteret på OBX Oslo Børs i 2013. Asetek’s væskebaserede køleløsninger, der finder anvendelse indenfor PC’ere hvor høj ydeevne er et vigtigt krav, er selskabets største segment. Der er tale om forseglede køleløsninger (all-in-one) der sælges via OEM aftaler. Disse kan også implementeres i datacentre for at give betydelige energibesparelser, og genindvinding af varme i forhold til hvad kendes fra luftbaserede køleløsninger. Dette segment er dog fortsat relativt begrænset. I 2021 valgte Asetek gå ind i markedet for SimSports, altså forskellige sportsdiscipliner afviklet på computere, såsom racerløb, basketball, fodbold mv. Her har Asetek i første omgang lanceret flere sæt pedaler inkl. software til SimRacing, og har flere produkter i udvikling såsom rat, og basen hvor rattet monteres. English:  Asetek is a global leader within liquid cooling solutions for high-end PC’s and also produces high-end equipment for SimSports. Asetek was listed on the OBX Oslo Stock Exchange in 2013. Asetek’s liquid cooling of high-end PC’s and eSports enthusiasts is its largest segment. Its sealed loop liquid cooler supports the thermal challenges of the computers and can also be implemented at data centers to provide significant energy savings and recapturing of heat against the air cooling industry norm; however, this segment remains relatively smaller. In 2021 Asetek made its first expansion into the SimSports Gaming market with its high-end SimRacing pedals, designed to create an immersive experience for sim racers. Asetek plans to expand further into the SimRacing value chain with ambitions to release wheelbases, steering wheels, shifters, and other end-user customization options.

Asetek

Read the latest Asetek One-Pager following the FY2024 results and the recent rights issue.

Asetek faced continued volatility in 2024, with solid growth in SimSports (+34%), while Liquid Cooling struggled due to increased competition, a major customer insolvency, and weaker demand. A rights issue completed in December 2024 raised gross proceeds of DKK 88m, primarily to finance investment and scale-up of SimSports activities as Asetek works towards its mid-term ambitions for SimSports revenues of USD +50m with positive (single-digit) EBITDA margins, and liquid cooling revenues of around USD 50m with >25% adj. EBITDA margins.

For 2025 Asetek targets revenues of USD 52-58m (-1% to +10% y/y) with 3-5% adj EBITDA margins, with ongoing growth and margin improvement in SimSports and stabilization within liquid cooling. Discover more about Asetek’s market position, financial outlook, and investment case in the full one-pager.

Read the latest Asetek One-Pager following the FY2024 results and the recent rights issue.
Asetek faced continued volatility in 2024, with solid growth in SimSports (+34%), while Liquid Cooling struggled due to increased competition, a major customer insolvency, and weaker demand. A rights issue completed in December 2024 raised gross proceeds of DKK 88m, primarily to finance investment and scale-up of SimSports activities as Asetek works towards its mid-term ambitions for SimSports revenues of USD +50m with positive (single-digit) EBITDA margins, and liquid cooling revenues of around USD 50m with &gt;25% adj. EBITDA margins.
For 2025 Asetek targets revenues of USD 52-58m (-1% to +10% y/y) with 3-5% adj EBITDA margins, with ongoing growth and margin improvement in SimSports and stabilization within liquid cooling. Discover more about Asetek&#x2019;s market position, financial outlook, and investment case in the full one-pager.
Disclaimer: HC Andersen Capital receives payment from Asetek for a digital IR/corporate visibility subscription agreement. / Philip Coombes, 13:05 17.03.2025, updated 17:26 18.03.2025

HC Andersen Capital

Asetek (One-pager): Strong SimSports growth amid Liquid Cooling market challenges 