Brief: Sats ASA - Q1 Adjusted EBITDA Of Nok 40 Million

Sats ASA

12/05/2020 06:33

May 12 (Reuters) - Sats ASA  SATSA.OL :
    * SATS' FIRST QUARTER DOMINATED BY COVID-19 AND RAPID DIGITAL PRODUCT
    * SATS ASA - Q1 TOTAL REVENUES OF NOK 990 MILLION, COMPARED TO NOK 1 010 MILLION LAST YEAR
(-2%)
    * SATS ASA - Q1 ADJUSTED EBITDA OF NOK 40 MILLION, DOWN -67% FROM NOK 120 MILLION LAST YEAR,
INCLUDING AN ESTIMATED NEGATIVE EBITDA EFFECT OF NOK 85 MILLION FROM COVID-19
    * SATS ASA - EXPECTS NEGATIVE EFFECTS CAUSED BY COVID-19 OUTBREAK TO PREVAIL SOME TIME AFTER
REOPENING OF ALL CLUBS
    * SATS ASA - Q1 ESTIMATED COVID-19 RELATED REVENUE LOSS OF NOK 110 MILLION

Source text for Eikon:  ID:nObiXLhGBa 
Further company coverage:  SATSA.OL 

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