Artificial Intelligence
Aspocomp’s Interim Report January-September 2020: weakened demand led to a decline in third-quarter net sales and operating result
Aspocomp Group Plc, Interim Report, November 4, 2020 at 9:00 a.m.
Key figures 7-9/2020 in brief
7-9/2020 | 7-9/2019 | Change * | |||||
Net sales | 5.9 | M€ | 6.7 | M€ | -12 | % | |
EBITDA | 0.5 | M€ | 0.8 | M€ | -32 | % | |
Operating result | 0.1 | M€ | 0.5 | M€ | -80 | % | |
% of net sales | 1.5 | % | 6.7 | % | -5 | ppts | |
Earnings per share | 0.03 | € | 0.07 | € | -57 | % | |
Operative cash flow | 1.5 | M€ | 2.2 | M€ | -31 | % | |
Equity ratio | 62.9 | % | 63.4 | % | -1 | ppts |
Key figures 1-9/2020 in brief
1-9/2020 | 1-9/2019 | Change * | |||||
Net sales | 19.7 | M€ | 23.0 | M€ | -14 | % | |
EBITDA | 1.1 | M€ | 3.7 | M€ | -69 | % | |
Operating result | -0.1 | M€ | 2.7 | M€ | -103 | % | |
% of net sales | -0.4 | % | 11.9 | % | -12 | ppts | |
Earnings per share | -0.04 | € | 0.40 | € | -110 | % | |
Operative cash flow | 3.4 | M€ | 4.9 | M€ | -30 | % | |
Equity ratio | 62.9 | % | 63.4 | % | -1 | ppts | |
Order book at the end of period | 4.1 | M€ | 4.9 | M€ | -16 | % | |
* The total may deviate from the sum totals due to rounding up and down. |
OUTLOOK FOR THE FUTURE
The COVID-19 pandemic and the weakened economy are having a broad impact on the supply chains of the electronics industry and on customer orders. Due to the major uncertainties related to customer demand, the outlook for 2020 involves a significantly higher risk than normal. The European car industry is in an especially difficult situation.
The company’s full-year guidance, announced on July 16, 2020, remains unchanged.
Aspocomp estimates that its net sales and operating result for 2020 will fall significantly short of 2019. In 2019, net sales amounted to EUR 31.2 million and the operating result to EUR 3.4 million.
CEO’S REVIEW
“Third-quarter net sales decreased by 12 percent to EUR 5.9 million. Demand varied greatly between different customer segments. The Semiconductor Industry segment grew to become the largest customer segment in the quarter.
During the COVID-19 pandemic, increased use of remote access devices will increase demand for semiconductor components. Likewise, the rapid development of digitalization is leading to the renewal of artificial intelligence and 5G semiconductor components and increasing their testing needs. Net sales of the Semiconductor Industry segment amounted to EUR 1.6 million, a year-on-year increase of over 80 percent.
Net sales of the Telecommunications segment amounted to EUR 0.9 million. Sales decreased in the Telecommunications segment by approximately 60 percent, mainly due to the timing of customers’ product development projects during the summer vacation months. In addition, Asian PCB mass suppliers have still had overcapacity due to the weaker market situation, which allowed them to exceptionally respond to changing customer needs. The oversupply situation is expected to ease, but not completely disappear before the COVID-19 pandemic subsides and the economy recovers.
The Automotive segment continued to face difficulties, and net sales decreased by approximately 30 percent to EUR 1.1 million. In addition to the weakness of the European car market, the segment was burdened by high customer component inventories. Adjustments to inventory levels are expected to continue until the end of the year.
Net sales of the Industrial Electronics segment amounted to EUR 1.1 million. In the Industrial Electronics segment, demand declined by approximately 15 percent, mainly due to the market situation, which has weakened as a result of the COVID-19 pandemic.
In the Security, Defense and Aerospace segment, demand continued to grow, and net sales amounted to EUR 1.1 million. Sales rose by about 60 percent. The drivers of growth were new customers and increased general demand for security products.
The operating result decreased significantly in the third quarter and amounted to EUR 0.1 million. The operating result was particularly burdened by the decline in net sales and the lower share accounted for by quick-turn deliveries. The operating result for January-September is still EUR 0.1 million in the red, including a EUR 0.3 million loan loss provision.
The COVID-19 pandemic and the weakened economy continues to make it difficult to assess customer needs, and visibility into demand for the rest of the year is limited. Despite the exceptional circumstances, we have continued to invest in capacity and increased our product development investments in new products and more challenging technologies.”
Impact of the COVID-19 pandemic
Due to the COVID-19 pandemic and the resulting decline in general demand, as well as for financial reasons, some customers have had to postpone or even cancel their orders. Asian PCB mass suppliers have had overcapacity due to the weaker market situation, which allowed them to exceptionally respond to changing customer needs. In the Automotive segment, demand has continued to decline as customers have reduced their inventory levels in line with the slowdown in demand.
Despite the COVID-19 pandemic, Aspocomp has been able to purposefully expand and grow its customer base and product offering. In the Security, Defense and Aerospace segment, demand has doubled and in the Semiconductor Industry segment, demand has grown over 80 percent despite the exceptional situation.
The company’s production at the Oulu plant has continued normally and delivery capacity has been good. The company has continued to invest in new capacity and increased its product development investments in new products and more challenging technologies.
The pandemic has not affected the company’s liquidity. The cash situation has remained good and the credit facilities have not been used. The company has had no need to recognize write-downs of goodwill.
NET SALES AND EARNINGS
July-September 2020
Third-quarter net sales amounted to EUR 5.9 (6.7) million, a year-on-year decrease of 12 percent. Net sales decreased due to the COVID-19 pandemic and the consequent weakening of general demand. Demand varied greatly between different customer segments. During the COVID-19 pandemic, increased use of remote access devices will increase demand for semiconductor components. Likewise, the rapid development of digitalization is leading to the renewal of artificial intelligence and 5G semiconductor components and increasing their testing needs. The Semiconductor Industry segment grew over 80 percent and became the largest customer segment. In the Telecommunications segment, sales decreased by approximately 60 percent, mainly due to the timing of customers’ product development projects during the summer vacation months. In addition, Asian PCB mass suppliers have had overcapacity due to the weaker market situation, which allowed them to exceptionally respond to changing customer needs. In the Automotive segment, demand continued to decline due to the weakened situation in the European car market. In addition, the segment was burdened by high customer component inventories. The market situation weakened by the COVID-19 pandemic also reduced demand in the Industrial Electronics segment. In the Industrial Electronics segment, demand declined by approximately 15 percent, mainly due to the market situation, which has weakened as a result of the COVID-19 pandemic. In the Security, Defense and Aerospace segment, demand continued to grow and increased by approximately 60 percent. The drivers of growth were new customers and increased general demand for security products.
The five largest customers accounted for 45 (54) percent of net sales. In geographical terms, 85 (98) percent of net sales were generated in Europe and 15 (2) percent on other continents.
The operating result for the third quarter amounted to EUR 0.1 (0.5) million. Third-quarter operating result was 1.5 (6.7) percent of net sales. The operating result was particularly burdened by the decline in net sales and the lower share accounted for by quick-turn deliveries.
Net financial expenses amounted to EUR 0.1 (0.0) million. Earnings per share were EUR 0.00 (0.7).
January-September 2020
Net sales amounted to EUR 19.7 million (EUR 23.0 million), a year-on-year decrease of 14 percent. Net sales decreased due to the COVID-19 pandemic and the consequent weakening of general demand. Some customers have had to postpone or even cancel their orders due to uncertainty in demand. Demand varied greatly between different customer segments. In addition, Asian PCB mass suppliers have had overcapacity due to the weaker market situation, which allowed them to exceptionally respond to changing customer needs.
The five largest customers accounted for 42 percent of net sales (59%). In geographical terms, 84 percent of net sales were generated in Europe (98%) and 16 percent on other continents (2%).
The operating result amounted to EUR -0.1 million (EUR 2.7 million). The operating result was particularly burdened by the decline in net sales and the lower share accounted for by quick-turn deliveries as well as a EUR 0.3 million loan loss provision.
Net financial expenses amounted to EUR 0.2 million (EUR 0.1 million). Earnings per share were EUR -0.04 (EUR 0.40).
The order book was 16 percent lower than in the previous year. The order book at the end of the review period was EUR 4.1 (4.9) million.
THE GROUP’S KEY FIGURES | ||||||||
7-9/20 | 7-9/19 | Change | 1-9/20 | 1-9/19 | Change | |||
Net sales, M€ | 5.9 | 6.7 | -12 | % | 19.7 | 23.0 | -14 | % |
EBITDA, M€ | 0.5 | 0.8 | -32 | % | 1.1 | 3.7 | -69 | % |
Operating result, M€ | 0.1 | 0.5 | -80 | % | -0.1 | 2.7 | -103 | % |
% of net sales | 2% | 7% | -5 | ppts | 0% | 12% | -12 | ppts |
Pre-tax- profit/loss, M€ | 0.0 | 0.5 | -100 | % | -0.2 | 2.7 | -109 | % |
% of net sales | 0% | 7% | -7 | ppts | -1% | 12% | -13 | ppts |
Profit/loss for the period, M€ | 0.0 | 0.5 | -100 | % | -0.2 | 2.7 | -109 | % |
% of net sales | 0% | 7% | -7 | ppts | -1% | 12% | -13 | ppts |
Earnings per share, € | 0.03 | 0.07 | -57 | % | -0.04 | 0.40 | -110 | % |
Investments, M€ | 0.3 | 0.5 | -36 | % | 1.6 | 2.2 | -25 | % |
% of net sales | 6% | 8% | -2 | ppts | 8% | 9% | -1 | ppts |
Cash, end of the period | 3.5 | 3.5 | -4 | % | 3.5 | 3.5 | -4 | % |
Equity / share, € | 2.48 | 2.50 | -2 | % | 2.48 | 2.50 | -2 | % |
Equity ratio, % | 63% | 63% | -1 | ppts | 63% | 63% | -1 | ppts |
Gearing, % | 14% | 6% | 8 | ppts | 14% | 6% | 8 | ppts |
Personnel, end of the period | 142 | 130 | 12 | persons | 142 | 130 | 12 | persons |
* The total may deviate from the sum totals due to rounding up and down. |
INVESTMENTS
Investments during the review period amounted to EUR 1.6 (2.2) million. The investments were mainly focused on improving the capabilities of the Oulu plant. The first phase of the EUR 10 million investment program launched in 2017 was completed in early 2020. The first two years of the investment program focused on enhancing the capabilities of the Oulu plant, particularly in the Semiconductor Industry segment. The goals of the project were successfully achieved: the customer base was strengthened, and the planned technological improvements were implemented.
The investment program continued with its second phase of investments in the spring 2020. The company was granted a total of EUR 1.35 million in development support by the ELY Center for the implementation of the second phase of its Oulu plant investment, corresponding to about 25 percent of its total cost. The second phase of the investment program aims in particular to increase the capacity of the Oulu plant, improve automation and increase production efficiency. All of the new equipment will be installed in an existing plant building and no additional plant space will be built. The second-phase investments will be carried out in the period between 2020 and 2022. With these investments, the company aims to further strengthen its position as a strategic partner to leading companies in the semiconductor, automotive, defense and aerospace, and telecommunications (5G) industries.
CASH FLOW AND FINANCING
Cash flow from operations amounted to EUR 3.4 (4.9) million in the review period. Cash flow weakened mainly due to the lower operating result.
Cash assets amounted to EUR 3.5 (3.5) million at the end of the period. Interest-bearing liabilities amounted to EUR 5.9 (4.6) million. Gearing was 14 (6) percent. Non-interest-bearing liabilities amounted to EUR 4.1 (5.1) million.
At the end of the period, the Group’s equity ratio amounted to 62.8 (63.4) percent.
The company has a EUR 1.0 (1.0) million credit facility, which was not in use at the end of the review period. In addition, the company has a recourse factoring agreement, of which EUR 0.0 (0.0) million was in use.
PERSONNEL
During the review period, the company had an average of 141 (122) employees. The personnel count on September 30, 2020 was 142 (130). Of them, 88 (78) were blue-collar and 54 (52) white-collar employees.
ANNUAL GENERAL MEETING 2020, THE BOARD OF DIRECTORS AND AUTHORIZATIONS GIVEN TO THE BOARD
The decisions of the Annual General Meeting held on June 9, 2020, the authorizations given to the Board of Directors by the AGM and the decisions relating to the organization of the Board of Directors have been published in separate stock exchange releases on June 9, 2020.
DIVIDEND
The Annual General Meeting of Aspocomp Group Plc held on June 9, 2020, decided to authorize the Board of Directors to decide, at its discretion, on the distribution of up to EUR 0.15 per share from retained earnings and / or return on invested equity in one or more tranches.
The Board of Directors of Aspocomp Group Plc decided on September 16, 2020 that EUR 0.15 per share shall be distributed as dividend. The dividend was paid to shareholders registered in the company’s register of shareholders maintained by Euroclear Finland Ltd on the record date of the dividend distribution, September 18, 2020. The dividend was paid on September 25, 2020.
SHARES
The total number of Aspocomp’s shares at September 30, 2020 was 6,841,440 and the share capital stood at EUR 1,000,000. The company did not hold any treasury shares. Each share is of the same share series and entitles its holder to one vote at a General Meeting and to have an identical dividend right.
A total of 2,148,285 Aspocomp Group Plc. shares were traded on Nasdaq Helsinki during the period from January 1 to September 30, 2020. The aggregate value of the shares exchanged was EUR 9,052,916. The shares traded at a low of EUR 3.20 and a high of EUR 6.20. The average share price was EUR 4.21. The closing price at September 30, 2020 was EUR 4.30, which translates into market capitalization of EUR 29.4 million.
The company had 3,757 shareholders at the end of the review period. Nominee-registered shares accounted for 2.5 percent of the total shares.
OUTLOOK FOR THE FUTURE
The COVID-19 pandemic and the weakened economy are having a broad impact on the supply chains of the electronics industry and on customer orders. Due to the major uncertainties related to customer demand, the outlook for 2020 involves a significantly higher risk than normal. The European car industry is in an especially difficult situation.
The company’s full-year guidance, announced on July 16, 2020, remains unchanged. Aspocomp estimates that its net sales and operating result for 2020 will fall significantly short of 2019. In 2019, net sales amounted to EUR 31.2 million and the operating result to EUR 3.4 million.
ASSESSMENT OF SHORT-TERM BUSINESS RISKS
A major share of Aspocomp’s net sales is generated by quick-turn deliveries and R&D series, and thus the company’s order book is short. The company’s aim is to systematically expand its services to cover the PCB needs of customers over the entire life cycle and thereby balance out variations in demand and the order book.
Impact of the COVID-19 pandemic on the electronics supply chain
The COVID-19 pandemic and the weakened economy are having a major impact on the supply chains of the entire electronics industry. The availability of the PCBs subcontracted by the company in China might weaken significantly and their delivery times become considerably longer. At the same time, the COVID-19 pandemic may affect the availability of parts and components required by electronic assemblers, which would weaken demand.
Dependence on key customers
Aspocomp’s customer base is concentrated; approximately half of sales are generated by five key customers. This exposes the company to significant fluctuations in demand.
Market trends
Although Aspocomp is a marginal player in the global electronics market, changes in global PCB demand also have an impact on the company’s business. Competition for quick-turn deliveries and short production series will accelerate as the market for PCBs weakens and continues to have a negative impact on both total demand and market prices.
Aspocomp’s main market area comprises Northern and Central Europe. In case Aspocomp’s clients would transfer their R&D and manufacturing out of Europe, demand for Aspocomp’s offerings might weaken significantly.
Espoo, November 4, 2020
ASPOCOMP GROUP PLC
Board of Directors
Some statements in this stock exchange release are forecasts and actual results may differ materially from those stated. Statements in this stock exchange release relating to matters that are not historical facts are forecasts. All forecasts involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performances or achievements of the Aspocomp Group to be materially different from any future results, performances or achievements expressed or implied by such forecasts. Such factors include general economic and business conditions, fluctuations in currency exchange rates, increases and changes in PCB industry capacity and competition, and the ability of the company to implement its investment program.
ACCOUNTING POLICIES AND CHANGES IN ACCOUNTING POLICES
The reported operations include the Group’s parent company, Aspocomp Group Plc. The figures presented for the review period have not been audited. This interim report has been prepared in accordance with IAS 34 (Interim Financial Reporting), following the same accounting principles as in the annual financial statements for 2019; however, the company complies with the standards and amendments that came into effect as from January 1, 2020.
R&D
R&D costs comprise general production development costs. These costs do not fulfill the IAS 38 definition of either development or research and are therefore booked into plant overheads.
Amendments to IAS 1 and IAS 8 Definition of Material
The IASB has issued the following new or revised standards and interpretations that the Group has not yet applied. The Group adopts them from the effective date of each standard and interpretation, or, if the effective date is other than the first day of the financial year, from the beginning of the financial year following the effective date.
The IASB has amended IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors to use a uniform definition of materiality throughout IRFSs and the Conceptual Framework for Financial Reporting, clarifying when information is material and includes guidance on irrelevant information.
In particular, the amendments clarify:
• that the reference to obscuring information applies to situations where the effect is similar to the omission or misstatement of that information and that the entity assesses materiality in the light of the financial statements as a whole; and
• that “primary users of financial statements for general use” means those to whom the financial statements are addressed and include “many current and potential investors, lenders and other creditors” who are largely required to meet their financial information needs through publicly available financial statements.
Any other IFRS or IFRIC interpretation already issued but not yet effective is not expected to have a material impact on the Group.
PROFIT & LOSS STATEMENT | July-September 2020 | ||||
1 000 € | 7-9/2020 | 7-9/2019 | Change | ||
Net sales | 5,857 | 100% | 6,689 | 100% | -12% |
Other operating income | 18 | 0% | 5 | 0% | 257% |
Materials and services | -2,551 | -44% | -3,406 | -51% | -25% |
Personnel expenses | -1,779 | -30% | -1,412 | -21% | 26% |
Other operating costs | -1,017 | -17% | -1,099 | -16% | -7% |
Depreciation and amortization | -440 | -8% | -327 | -5% | 34% |
Operating result | 88 | 2% | 450 | 7% | -80% |
Financial income and expenses | -86 | -1% | 1 | 0% | |
Profit/loss before tax | 2 | 0% | 451 | 7% | -100% |
Income taxes | 0 | 0% | 0 | 0% | |
Profit/loss for the period | 2 | 0% | 451 | 7% | -100% |
Other comprehensive income | |||||
Items that will not be reclassified to profit or loss | |||||
Remeasurements of defined benefit | |||||
pension plans | |||||
Income tax relating to these items | |||||
Items that may be reclassified subsequently to profit or loss: | |||||
Currency translation differences | 0 | 0% | -1 | 0% | |
Total other comprehensive income | 0 | 0% | -1 | 0% | |
Total comprehensive income | 2 | 0% | 450 | 7% | -100% |
Earnings per share (EPS) | |||||
Basic EPS | 0.00 | € | 0.07 | € | -100% |
Diluted EPS | 0.00 | € | 0.07 | € | -100% |
PROFIT & LOSS STATEMENT | January-September 2020 | ||||||
1 000 € | 1-9/2020 | 1-9/2019 | Change | 1-12/2019 | |||
Net sales | 19,693 | 100% | 23,020 | 100% | -14% | 31,189 | 100% |
Other operating income | 67 | 0% | 71 | 0% | -5% | 73 | 0% |
Materials and services | -9,398 | -48% | -10,394 | -45% | -10% | -13,963 | -45% |
Personnel expenses | -5,880 | -30% | -5,507 | -24% | 7% | -7,763 | -25% |
Other operating costs | -3,357 | -17% | -3,536 | -15% | -5% | -4,881 | -16% |
Depreciation and amortization | -1,211 | -6% | -921 | -4% | 31% | -1,263 | -4% |
Operating result | -86 | 0% | 2,733 | 12% | -103% | 3,393 | 11% |
Financial income and expenses | -150 | -1% | -68 | 0% | 120% | -136 | 0% |
Profit/loss before tax | -236 | -1% | 2,665 | 12% | -109% | 3,257 | 10% |
Income taxes | -2 | 0% | -3 | 0% | 683 | 2% | |
Profit/loss for the period | -238 | -1% | 2,662 | 12% | -109% | 3,940 | 13% |
Other comprehensive income | |||||||
Items that will not be reclassified to profit or loss | |||||||
Remeasurements of defined benefit | |||||||
pension plans | 50 | 0% | |||||
Income tax relating to these items | -8 | 0% | |||||
Items that may be reclassified subsequently to profit or loss: | |||||||
Currency translation differences | 0 | 0% | -2 | 0% | – | -2 | 0% |
Other comprehensive income, net of tax | 0 | 0% | -2 | 0% | – | 40 | 0% |
Total comprehensive income | -238 | -1% | 2,660 | 12% | -109% | 3,979 | 20% |
Earnings per share (EPS) | |||||||
Basic EPS | -0.04 | € | 0.40 | € | -110% | 0.59 | € |
Diluted EPS | -0.04 | € | 0.40 | € | -110% | 0.59 | € |
CONSOLIDATED BALANCE SHEET | ||||
1 000 € | 9/2020 | 9/2019 | Change | 12/2019 |
Assets | ||||
Non-current assets | ||||
Intangible assets | 3,228 | 3,243 | 0% | 3,260 |
Tangible assets | 5,709 | 4,925 | 16% | 5,607 |
Right-of-use assets | 1,035 | 1,048 | -1% | 1,333 |
Financial assets at fair value through profit or loss | 95 | 15 | 537% | 15 |
Deferred income tax assets | 4,673 | 3,985 | 17% | 4,673 |
Total non-current assets | 14,470 | 13,216 | 9% | 14,888 |
Current assets | ||||
Inventories | 3,075 | 2,641 | 16% | 3,321 |
Short-term receivables | 5,731 | 7,069 | -19% | 8,937 |
Cash and bank deposits | 3,480 | 3,519 | -1% | 2,382 |
Total current assets | 12,285 | 13,229 | -7% | 14,639 |
Total assets | 27,025 | 26,444 | 2% | 29,527 |
Equity and liabilities | ||||
Share capital | 1,000 | 1,000 | 0% | 1,000 |
Reserve for invested non-restricted equity | 4,697 | 4,523 | 4% | 4,534 |
Remeasurements of defined benefit pension plans | -12 | -53 | -78% | -12 |
Retained earnings | 11,310 | 11,297 | 0% | 12,574 |
Total equity | 16,995 | 16,766 | 1% | 18,096 |
Long-term financing loans | 4,735 | 3,319 | 43% | 4,326 |
Other non-current liabilities | 355 | 412 | -14% | 355 |
Deferred income tax liabilities | 25 | 21 | 18% | 25 |
Short-term financing loans | 1,171 | 1,249 | -6% | 1,486 |
Trade and other payables | 3,745 | 4,678 | -20% | 5,239 |
Total liabilities | 10,031 | 9,678 | 4% | 11,431 |
Total equity and liabilities | 27,025 | 26,444 | 2% | 29,527 |
CONSOLIDATED CHANGES IN EQUITY | ||||||
January-September 2020 | ||||||
1000 € | Share capital | Other reserve | Remeasurements of employee benefits | Translation differences | Retained earnings | Total equity |
Balance at Jan. 1, 2020 | 1,000 | 4,534 | -12 | 2 | 12,572 | 18,096 |
Comprehensive income | ||||||
Comprehensive income for the period | -238 | -238 | ||||
Other comprehensive income for the period, net of tax | ||||||
Translation differences | 0 | 0 | ||||
Total comprehensive income for the period | 0 | 0 | 0 | 0 | -238 | -238 |
Business transactions with owners | ||||||
Dividends paid | -1,026 | -1,026 | ||||
Share-based payment | 163 | 163 | ||||
Business transactions with owners, total | 0 | 163 | 0 | 0 | -1,026 | -863 |
Balance at September 30, 2020 | 1,000 | 4,697 | -12 | 2 | 11,308 | 16,995 |
January-September 2019 | ||||||
Balance at Jan. 1, 2019 | 1,000 | 4,504 | -53 | 4 | 9,432 | 14,888 |
Comprehensive income | ||||||
Comprehensive income for the period | 2,662 | 2,662 | ||||
Other comprehensive income for the period, net of tax | ||||||
Translation differences | 0 | -2 | -2 | |||
Total comprehensive income for the period | 0 | 0 | 0 | -2 | 2,662 | 2,660 |
Business transactions with owners | ||||||
Dividends paid | -800 | -800 | ||||
Share-based payment | 18 | 0 | 18 | |||
Business transactions with owners, total | 0 | 18 | 0 | 0 | -800 | -782 |
Balance at September 30, 2019 | 1,000 | 4,523 | -53 | 2 | 11,294 | 16,766 |
CONSOLIDATED CASH FLOW STATEMENT | January-September | ||
1 000 € | 1-9/2020 | 1-9/2019 | 1-12/2019 |
Profit for the period | -238 | 2,662 | 3,940 |
Adjustments | 1,312 | 902 | 658 |
Change in working capital | 2,522 | 1,400 | -159 |
Received interest income | 0 | 0 | 0 |
Paid interest expenses | -145 | -48 | -151 |
Paid taxes | -2 | -3 | -1 |
Cash flow from operating activities | 3,449 | 4,913 | 4,287 |
Investments | -1,630 | -2,179 | -3,548 |
Proceeds from sale of property, plant and equipment | 13 | 66 | 66 |
Cash flow from investing activities | -1,617 | -2,113 | -3,482 |
Increase in financing | 3,000 | 0 | 1,000 |
Decrease in financing | -2,604 | -787 | -828 |
Decrease in lease liabilities | -298 | -259 | -356 |
Stock options exercised | 139 | 0 | 0 |
Dividends paid * | -880 | -800 | -800 |
Cash flow from financing activities | -643 | -1,845 | -983 |
Change in cash and cash equivalents | 1,189 | 954 | -179 |
Cash and cash equivalents at the beginning of period | 2,382 | 2,565 | 2,565 |
Effects of exchange rate changes on cash and cash equivalents | -91 | 0 | -5 |
Cash and cash equivalents at the end of period | 3,480 | 3,519 | 2,382 |
* Taxes on dividends paid, totaling 138 thousand euro, have been paid on October 12, 2020. |
KEY INDICATORS | ||||||
Q3/2020 | Q2/2020 | Q1/2020 | Q4/2019 | 2019 | ||
Net sales, M€ | 5.9 | 7.1 | 6.7 | 8.2 | 31.2 | |
Operating result before depreciation (EBITDA), M€ | 0.5 | 0.6 | 0.0 | 1.0 | 4.7 | |
Operating result (EBIT), M€ | 0.1 | 0.3 | -0.4 | 0.7 | 3.4 | |
of net sales, % | 2% | 4% | -6% | 8% | 11% | |
Profit/loss before taxes, M€ | 0.0 | 0.2 | -0.4 | 0.6 | 3.3 | |
of net sales, % | 0% | 3% | -7% | 7% | 10% | |
Net profit/loss for the period, M€ | 0.0 | 0.2 | -0.4 | 1.3 | 3.9 | |
of net sales, % | 0% | 3% | -7% | 16% | 13% | |
Equity ratio, % | 63% | 62% | 64% | 61% | 61% | |
Gearing, % | 14% | 14% | 21% | 19% | 19% | |
Gross investments in fixed assets, M€ | 0.3 | 0.3 | 1.0 | 1.8 | 3.5 | |
of net sales, % | 6% | 5% | 14% | 21% | 11% | |
Personnel, end of the quarter | 142 | 144 | 139 | 132 | 132 | |
Earnings/share (EPS), € | 0.03 | 0.03 | -0.07 | 0.19 | 0.59 | |
Equity/share, € | 2.48 | 2.63 | 2.60 | 2.70 | 2.70 |
The Alternative Performance Measures (APM) used by the Group | ||||
Aspocomp presents in its financial reporting alternative performance measures, which describe the businesses’ financial performance and its development as well as investments and return on equity. In addition to accounting measures which are defined or specified in IFRS, alternative performance measures complement and explain presented information. Aspocomp presents in its financial reporting the following alternative performance measures: | ||||
EBITDA | = | Earnings before interests, taxes, depreciations and amortizations | ||
EBITDA indicates the result of operations before depreciations, financial items and income taxes. It is an important key figure, as it shows the profit margin on net sales after operating expenses are deducted. | ||||
Operating result | = | Earnings before income taxes and financial income and expenses presented in the IFRS consolidated income statement. | ||
The operating result indicates the financial profitability of operations and their development. | ||||
Profit/loss before taxes | = | The result before income taxes presented in the IFRS consolidated statements. | ||
Equity ratio, % | = | Equity | x 100 | |
Total assets – advances received | ||||
Gearing, % | = | Net interest-bearing liabilities | x 100 | |
Total equity | ||||
Gearing indicates the ratio of capital invested in the company by shareholders and interest-bearing debt to financiers. A high gearing ratio is a risk factor that may limit a company’s growth opportunities and financial latitude. | ||||
Gross investments | = | Acquisitions of long-term intangible and tangible assets (gross amount). | ||
Order book | = | Undelivered customer orders at the end of the financial period. | ||
Cash flow from operating activities | = | Profit for the period + non-cash transactions +- other adjustments +- change in working capital + received interest income – paid interest expenses – paid taxes |
CONTINGENT LIABILITIES | |||
1 000 € | 9/2020 | 9/2019 | 12/2019 |
Business mortgage | 6,000 | 4,000 | 6,000 |
Collateral note | 1,200 | 1,200 | 1,200 |
Guaranteed contingent liability towards the Finnish Customs | 35 | 95 | 35 |
Total | 7,235 | 5,295 | 7,235 |
All figures are unaudited.
Further information
For further information, please contact Mikko Montonen, President and CEO,
tel. +358 40 5011 262, mikko.montonen(at)aspocomp.com.
Aspocomp – heart of technology
A printed circuit board (PCB) is used for electrical interconnection and as a component assembly platform in electronic devices. Aspocomp provides PCB technology design, testing and logistics services over the entire lifecycle of a product. The company’s own production and extensive international partner network guarantee cost-effectiveness and reliable deliveries.
Aspocomp’s customers are companies that design and manufacture telecommunication systems and equipment, automotive and industrial electronics, and systems for testing semiconductor components for security technology. The company has customers around the world and most of its net sales are generated by exports.
Aspocomp is headquartered in Espoo and its plant is in Oulu, one of Finland’s major technology hubs.
www.aspocomp.com
Attachment
Artificial Intelligence
Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan
The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”
With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky.
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter: @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
Logo: https://mma.prnewswire.com/media/1317764/2860789/Cayman_Enterprise_City_Logo.jpg
FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone Email: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/cayman-enterprise-city-publishes-socio-economic-impact-assessment-by-economist-and-leading-advisor-on-the-caribbean-marla-dukharan-302148206.html
Artificial Intelligence
Strava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event
The Company introduces increased product velocity, leveraging advancements in Artificial Intelligence, in service of its vision of a world connected through movement
LOS ANGELES, May 16, 2024 /PRNewswire/ — Strava, the leading digital community for active people with more than 125 million athletes, today showcased its latest initiatives and product developments at its annual event, Camp Strava. With the theme of Progress, Together company leaders announced how the platform will empower its global community to make progress in the way they explore, move, and connect on Strava.
“Strava is gaining momentum to realize our vision of a world connected through movement,” said Michael Martin, chief executive officer of Strava. “We are focused on two fundamental shifts to accelerate how we deliver value to 125 million people globally– building for women and leveraging Artificial Intelligence – which will unlock new community-and-partner-powered experiences across the platform.”
A New Era of Product VelocityStrava, with new leaders at the helm, is ushering in its next era of product velocity. The company listened closely to feedback from its global community and announced three of the most requested features coming to the platform by the end of the year.
The first of these updates, AI-enabled Leaderboard Integrity, will harness machine learning to automatically flag irregular, improbable, or impossible activities recorded to the platform. Trained by millions of activities, this feature allows all users on Strava to play fair and have more fun.
Additionally, the company announced a new Family Plan Subscription, the sister of the company’s Student Plan. With Family Plan, it’s easier to make a fitness commitment with your community by sharing an annual subscription with up to three other people – friends, family, or fitness family. Launching in select countries this summer, with plans to roll out globally by the end of the year, Strava’s newest annual subscription option offers the best value for groups (up to four), with a discount off the regular subscription price for each member.
Strava also implemented an updated design system, an initiative that is integral in driving a heightened pace of product innovation at the company. Through this work, Strava announced the launch of one of the company’s most requested features, Dark mode. Dark mode will improve the in-app experience for all users, reducing eye strain and improving accessibility while they record activity or scroll through the feed. Athletes can expect a rollout later this summer with options to keep their mobile settings always dark, always light, or match their device settings.
Company leaders highlighted several other features and updates to current products like Flyover, with its next iteration offering an overlay with activity stats and off-platform sharing capabilities. The overlay is available today for Strava subscribers and an off-platform sharing option will be released later this year.
Build for Her, Build for ManyStudies show that women of all ages participate in sports at a far lower rate than men, and overall, despite wanting to be active, find less time to dedicate to an active lifestyle. As the company continues on its mission to motivate people to live their best active lives, building for women on the platform will ultimately serve everyone in the Strava community. Several new features and initiatives were announced as a part of this strategic focus, which includes:
Night Heatmaps: Night Heatmaps show only activities between sundown and sunrise – so athletes can get an idea of which roads, trails, and paths are well-trafficked after hours. Since Night Heatmaps filter for after-hours routes, it can be a helpful tool for female athletes training before sunrise and after sunset.Quick Edit: For active women, having control over what is shared with the Strava community that cheers them on – like what time a run is logged – is important. Quick Edit makes it easier to make the most common edits – like activity name, and privacy settings so you can hide your start time, your map, or other workout stats.Strive for More®: The company announced a new phase of its Strive for More® initiative, created in 2022 to promote and support women in movement and sport. Today, Strava unveiled an official partnership with media company TOGETHXR to encourage more women to watch – and play – women’s sports. As part of the partnership, Strava will also donate $100,000 to the Alex Morgan Foundation, started by co-founder of TOGETHXR, Alex Morgan, to support their mission to help girls and women find confident paths forward in sports and life.Athlete IntelligenceToday, Strava announced the start of an accelerated product roadmap, outlining how Strava will implement the latest technological enhancements in AI and machine learning, to transform the athlete experience.
One key advancement to the platform includes the company’s latest development, Athlete Intelligence. Strava is introducing its beta AI-powered feature which turns each subscriber’s training data into an easily digestible summary that contextualizes their accomplishments and fitness goals. Unlike other AI-powered training services, Strava connects with thousands of devices, wearables, and fitness apps, so an athlete’s insights can consider their entire fitness story across multiple sports and modalities.
The features shared at Camp Strava will be released on a rolling basis through the end of the year. To view the full list of product releases and further details, visit www.press.strava.com.
For more information on Strava, to create a free account, or to start a free subscription trial visit www.strava.com.
About Strava Strava is the leading digital community for active people with more than 125 million athletes, in more than 190 countries. The platform offers a holistic view of your active lifestyle, no matter where you live, which sport you love and/or what device you use. Everyone belongs on Strava when they are pursuing an active life. Join the community, find motivation and discover new experiences with a Strava subscription.
Visit www.strava.com for more information and connect with Strava on Instagram, Twitter, Facebook, YouTube and LinkedIn.
Media Contact: [email protected]
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Artificial Intelligence
Japan Data Center Market Investment to Reach $14.48 Billion by 2028 – Watch Out Exclusive Insight on Japan & Hong Kong Data Center Market – Arizton
CHICAGO, May 16, 2024 /PRNewswire/ — Arizton publishes the latest research report on the Japan data center market and Hong Kong data center market.
The Japan Data Center Market to Witness Investments of $14.48 Billion by 2029.
Get Insights on 107 Existing Data Centers and 41 Upcoming Facilities across Japan.
The data center market in Japan is experiencing the emergence of self-built hyperscale data center facilities by major operators such as Google, Microsoft, and Amazon Web Services (AWS). This development is expected to impact the colocation market in Japan. Since these hyperscale operators store workloads in their own data center facilities, it may reduce the source of revenue generation for colocation operators.
Japan is a well-established data center market in the APAC region. The country supports investments with its macroeconomic policies and other incentives for investors. The market is witnessing several investments from local and global data center operators, further expanding its presence. Tokyo and Osaka are Japan’s major destinations for data center development, accounting for over 90% of the existing data center facilities. The government announced the offer of subsidies in Hokkaido and Kyushu for data center development and decentralize data centers from Tokyo and Osaka.
Investment Opportunities
In October 2023, SoftBank and its subsidiary, IDC Frontier, announced the plan to develop a new data center facility in Tomakomai City, Hokkaido. The company invested around $420 million toward the project, for which it received subsidies worth $190 million from the Ministry of Economy, Trade, and Industry. In July 2023, Internet Initiative Japan (IIJ) launched its second data center building at the Shiroi data center campus in Chiba Prefecture, Greater Tokyo. Once fully built, the campus will house four data center buildings. Furthermore, the company is involved in a third expansion initiative in its Matsue City campus (which will likely go live in 2025).In June 2023, Digital Edge, in partnership with Hulic, a real estate developer, announced the start of the construction of a new data center facility, TY07, in Tokyo. The facility is expected to go online by 2025.In April 2024, GDS Services partnered with Gaw Capital to develop a new data center campus in Fuchu City, Tokyo. Both companies will jointly invest toward developing a new data center facility, with the first phase slated to go online by 2026.To Buy this Research Now, Click: https://www.arizton.com/market-reports/japan-data-center-market-investment-analysis
Existing Vs. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesList of Upcoming Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesVendor Analysis
IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Hitachi Vantara, Huawei Technologies, IBM, Inspur, Lenovo, NEC, NetApp, and Oracle.
Data Center Construction Contractors & Sub-Contractors: Arup, AECOM, Daiwa House Industry, Fuji Furukawa Engineering & Construction, Hibiya Engineering, ISG, Kajima Corporation, Keihanshin Building, Linesight, MARCAI DESIGN, Meiho Facility Works, Nikken Sekkei, NTT FACILITIES, Obayashi Corporation, SHINRYO Corporation, TAISEI Corporation.
Support Infrastructure Providers: 3M, ABB, Alfa Laval, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, HITEC Power Protection, Johnson Controls, Kawasaki Heavy Industries, KOHLSER-SDMO, Legrand, Mitsubishi Electric, Rittal, Rolls-Royce, Schneider Electric, STULZ, Siemens, Vertiv.
Data Center Investors: AirTrunk, Alibaba Cloud, Amazon Web Services, AT TOKYO, Colt Data Centre Services, Digital Edge, Equinix, Fujitsu, Goodman, Google, IDC Frontier, Internet Initiative Japan (IIJ), MC Digital Realty, Microsoft, NTT Communications, SCSK Corporation (NETXDC), Telehouse, Tencent Cloud, TIS INTEC Group.
New Entrants: Ada Infrastructure, Edge Centres, CyrusOne, ESR, GDS Services, Keppel Data Centres, NEXTDC, Princeton Digital Group (PDG), SC Zeus Data Center, STACK Infrastructure, ST Telemedia Global Data Centres, Vantage Data Centers, Yondr.
The Hong Kong Data Center Market will Witness Investments of $4.80 Billion by 2029.
Get Insights on 54 Existing Data Centers and 12 Upcoming Facilities across Hong Kong.
The Hong Kong data center market is booming, driven by the increasing demand for digital services. The data center investments in Hong Kong over the next two to three years are expected to remain high due to the surge in demand and the significant boost due to the advancements in AI technologies. Investors are actively investing in this market.
Hong Kong is a mature and thriving market for data center development in the APAC region. Investors find it an attractive market owing to the high internet and social media usage levels, a robust business ecosystem, and excellent connectivity through both inland and submarine cables. Additionally, the deployment of 5G technology further enhances its appeal.
Hong Kong stands out globally for the incredibly high rates of cell phone and home broadband service usage. With around 300 licensed internet service providers, there is robust competition, providing data center operators with a wide range of choices.
Hong Kong is considered an attractive destination for businesses due to various reasons. Its proximity to mainland China and its import-export relations with major markets, such as China and the US, make it easier for businesses to operate. Additionally, the market has experienced significant growth in Foreign Direct Investment (FDI), ranking after countries like the UK, the US, and China.
Investment Opportunities
In December 2023, the company completed the core and shell construction of phase-1 of the MEGA IDC data center campus. The facility has already signed lease agreements with cloud service providers and international banks for its available space. The company plans to expand the campus through phase-2 during the forecast period.In March 2023, the company launched its seventh data center facility, MEGA Gateway, in Tsuen Wan. The facility is part of its connected MEGA campus.Goodman is among the major investors in the Hong Kong market, and it is continuously expanding its data center presence. In March 2024, the company announced the construction of the new Texaco data center facility in Tsuen Wan. The facility is a brownfield construction that involved the conversion of an industrial building into a data center facility. The facility is likely to go online by 2026.Over 60% Of Future Demand to Come from Cloud Service Providers
The Hong Kong data center market has the presence of on-premises data centers operated by educational institutions, the government, and financial services such as HSBC Bank. A significant decline in on-premises data centers will occur in the next three to five years owing to the increase in digitalizing initiatives across sectors and the strong growth in demand for colocation and cloud services. In addition, most existing service providers offer managed solutions to enterprise customers, which will likely grow in the market from 2024-2029.
The market has the presence of all global cloud operators, such as Amazon Web Services (AWS), Google, Microsoft, Alibaba Cloud, Huawei Cloud, and Tencent Cloud. This will propel the demand for wholesale colocation services through these service providers’ continuous expansion initiatives. The cloud segments will likely dominate capacity take-up over the next five years. In addition, the market will witness the entry of multiple global organizations to service customers through a local presence.
To Buy this Research Now, Click: https://www.arizton.com/market-reports/hong-kong-data-center-market-size-analysis
Existing VS. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationList of Upcoming Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationVendor Analysis
IT Infrastructure Providers: Arista Network, Atos, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Huawei Technologies, IBM, Inspur, Lenovo, NetApp.
Data Center Construction Contractors & Sub-Contractors: Arup, AtkinsRéalis, Aurecon, BYME Engineering, Chung Hing Engineers Group, Cundall, DSCO Group, Gammon Construction, ISG, Studio One Design.
Support Infrastructure Providers: ABB, Airedale, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, KOHLER, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Schneider Electric, Siemens, STULZ, Sumber, Vertiv.
Data Center Investors: AirTrunk, BDx, CITIC Telcom International, China Mobile International (CMI), China Unicom, Digital Realty, Equinix, ESR, GDS Services, Global Switch, Goodman, iTech Towers Data Centre Services, NTT DATA, SUNeVision Holdings (iAdvantage), Telehouse, Towngas Telecom (TGT), Vantage Data Centers.
New Entrants: Angelo Gordon and Mapletree Investments
Japan & Hong Kong Data Center Market Segmentation
IT Infrastructure
Servers
Storage Systems
Network Infrastructure
Electrical Infrastructure
UPS Systems
Generators
Transfer Switches & Switchgears
PDUs
Other Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
Rack Cabinets
Other Mechanical Infrastructure
Cooling Systems
CRAC & CRAH Units
Chiller Units
Cooling Towers, Condensers & Dry Coolers
Economizers & Evaporative Coolers
Other Cooling Units
General Construction
Core & Shell Development
Installation & Commissioning Services
Engineering & Building Design
Fire Detection & Suppression Systems
Physical Security
DCIM
Tier Standard
Tier I & Tier II
Tier III
Tier IV
Check Out Some of the Top Selling Research Reports:
Malaysia Data Center Market – Investment Analysis & Growth Opportunities 2024-2029https://www.arizton.com/market-reports/malaysia-data-center-market-size-analysis
Singapore Data Center Market – Investment Analysis & Growth Opportunities 2024-2029https://www.arizton.com/market-reports/singapore-data-center-market-size-analysis
Southeast Asia Data Center Construction Market – Industry Outlook & Forecast 2024-2029https://www.arizton.com/market-reports/southeast-asia-data-center-construction-market
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We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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