Norway's SATS Q2 EBITDA rises 16% as member activity grows
Norway's SATS Q2 EBITDA rises 16% as member activity grows
Overview
Norway fitness club operator's Q2 revenue rose 3% as member activity and engagement increased
Adjusted EBITDA for Q2 rose 16% yr/yr, driven by margin expansion and operational leverage
Company announced NOK 0.72 per share dividend and NOK 318 mln share buybacks for H1 2026
Outlook
Company expects majority of future growth to come from existing club portfolio
Company says financial strength allows for investment in growth as opportunities arise
Result Drivers
MEMBER ACTIVITY - Co said increased member activity and engagement drove improved financial results
EXISTING CLUB PORTFOLIO - Majority of growth came from existing clubs, per co
MARGIN EXPANSION - Revenue per member rose 6% currency-adjusted while costs increased 4%, supporting margin expansion, per CEO
Company press release: ID:nMFN7sRH8l
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| NOK 1.44 bln |
|
Q2 Adjusted EBITDA |
| NOK 313 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Sats ASA is NOK42.50, about 4.9% above its August 13 closing price of NOK40.50
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
Aug 13 - Norway's Moreld Q2 revenue rises on project execution, maintains FY EBITDA forecast
Aug 13 - Norway's Axactor ASA Q2 gross revenue falls, EBITDA turns negative
Aug 13 - Norway's NORBIT Q2 revenue rises 22%, slightly beats estimates
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)