February 28, 2018 / 6:18 AM / 6 months ago

BRIEF-Asetek Q4 Revenue Flat At $‍17.9​ Million

Feb 28 (Reuters) - Asetek A/S:

* Q4 REVENUE $‍17.9​ MILLION VERSUS $17.9 MILLION YEAR AGO

* Q4 OPERATING PROFIT $‍​785,000 VERSUS $2.5 MILLION YEAR AGO

* EXPECTS DESKTOP REVENUE TO GROW IN THE RANGE OF 5% TO 15% IN 2018‍​

* EXPECTS DATA CENTER REVENUE TO GROW IN THE RANGE OF 50% TO 75%, WHEN COMPARED WITH 2017

* EXPECTS MINIMAL GROWTH IN SPENDING AND CONTINUED INVESTMENTS IN THE DATA CENTER BUSINESS

* EXPECTS THE COMPANY WILL REPORT PROFITABILITY FOR 2018 THAT EXCEEDS 2017 ACHIEVEMENT.

* CONCLUDED THAT A DIVIDEND WILL NOT BE DISTRIBUTED. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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