Brief: SATS Q4 Adj. EBITDA Turns To Loss Of NOK 32 Mln

Sats ASA

09/02/2021 06:06

Feb 9 (Reuters) - Sats ASA  SATSA.OL :
    * Q4 FINANCIAL PERFORMANCE DOMINATED BY SECOND WAVE OF CLUB CLOSURES,BUT EXPECT TO REPEAT
SUCCESSFUL RECOVERY AT REOPENING
    * Q4 REVENUE NOK 846 MILLION VERSUS NOK 1,036 MILLION YEAR AGO
    * Q4 ADJUSTED EBITDA LOSS NOK 32 MILLION VERSUS PROFIT NOK 155 MILLION YEAR AGO
    * SUFFICIENT LIQUIDITY TO HANDLE A CONTINUED UNSECURE REGULATORY ENVIRONMENT GOING FORWARD
    * EXPECT TO REPEAT SUCCESSFUL MEMBER BASE RECOVERY PROVEN AFTER FIRST WAVE OF CLOSURES, ONCE
ALLOWED TO REOPEN CURRENTLY CLOSED CLUBS
    * PANDEMIC HAS INCREASED FOCUS ON LIVING A HEALTHY LIFESTYLE; DEMAND IS EXPECTED TO INCREASE
AND
STRUCTURAL OPPORTUNITIES TO ARISE
    * EXPECTS TO INCREASE BOTH PHYSICAL AND DIGITAL PRESENCE GOING FORWARD

Source text for Eikon:  ID:nObiHbp07a 
Further company coverage:  SATSA.OL 

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