Brief: Sats Q2 Adjusted EBITDA Of Negative NOK 113 Million

Sats ASA

14/07/2021 06:06

July 14 (Reuters) - Sats ASA  SATSA.OL :
    * Q2 TOTAL REVENUES SUMMING UP TO NOK 670 MILLION, COMPARED
TO NOK
744 MILLION LAST YEAR (-10%)
    * PAYING MEMBER BASE INCREASED BY 7% IN Q2 VERSUS Q1,
DESPITE ONLY
HAVING OPERATED WITH FULL CLUB PORTFOLIO OPEN FOR ONE MONTH
    * Q2 ADJUSTED EBITDA OF NEGATIVE NOK 113 MILLION, COMPARED
TO NOK
38 MILLION LAST YEAR
    * WITH A LIQUIDITY POSITION OF NOK 495 MILLION, COMPANY HAS
SUFFICIENT FINANCIAL LIQUIDITY TO HANDLE TO CURRENT REGULATORY
ENVIRONMENT, AS WELL AS PLANNED STRONG GROWTH INVESTMENTS

Source text for Eikon:  ID:nObim16xka 
Further company coverage:  SATSA.OL 

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