Bifogade filer
SATS ASA Q1 2025 Report
Prenumeration
Beskrivning
| Land | Norge |
|---|---|
| Lista | Oslo Bors |
| Sektor | Sällanköp |
| Industri | Resor & Fritid |
SATS ASA ("the Company") reports an EBIT before IFRS 16 of NOK 133 million, up 38% y/y excluding COVID-related compensation in Q1 2024. The member base grew by 24 000 members in the quarter, reaching 757 000 by quarter-end. The membership was powered by above-normal sales and healthy churn.
Key highlights from the first quarter of 2025:
- Total revenues of NOK 1 395 million in Q1 2025, up 8% compared to the same quarter last year
- EBITDA before IFRS 16 summing up to NOK 186 million in the quarter, an increase of 7% compared to Q1 2024 (19% excl. covid compensation in Q1 2024)
- EBIT before IFRS 16 increasing by 16% to NOK 133 million in Q1 2025 (38% excl. covid compensation in Q1 2024)
- Operating cash flow of NOK 118 million and a cash conversion of 63% in the quarter
- Successful marketing push in the quarter contributed to above-normal sales performance. Combined with healthy churn, this resulted in solid member development in the quarter
- All-time high number of workouts, driven by both member growth and increased workout frequency per member
- Expect to distribute dividend of 50% of H1 2025 net profit, on top of executed and upcoming share buyback initiatives, well above our stated minimum level of 50%
“2025 has kicked off with solid momentum, marked by strong membership growth and continued high visit numbers. Active members are happy and loyal members, which supports public health and contributes to a more financially robust SATS. This enables further investments in our product offering, continued low leverage, and shareholder distributions through dividends and share buybacks,” says Sondre Gravir, CEO of SATS.
SATS' CEO Sondre Gravir and CFO Cecilie Elde will hold a webcast presentation at 08:30 CEST today, May 7, 2025. The presentation will be held as a webcast only, available at https://satsgroup.com/reports-presentations/
There will be a Q&A for investors and analysts from 09:30 to 10:00 (CET) over Microsoft Teams: https://teams.microsoft.com/l/meetup-join/19%3ameeting_MjMzOTQ0ZWQtM2VjNy00OGM4LTk4MzgtNDY5ZTdkNmRmYWJk%40thread.v2/0?context=%7b%22Tid%22%3a%22b15a587d-acc9-4644-aa51-b56dee85c304%22%2c%22Oid%22%3a%227c7a4263-6531-4e9f-9f3f-79defb4ad3fe%22%7d
The Company will host a Capital Markets Day today at 10:30 CEST.
Please find enclosed the Q1 2025 presentation and report.
Investor Relations Contacts:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations, phone: +47 986 99 259
Press Contact:
Tina Brodal, Press Contact, phone: +47 938 44 171
Please see the attached quarterly report for definitions and reconciliations of the Alternative Performance Measures (APMs). This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.