Norway's SATS Q3 revenue up 2% on increased participation in group training workouts
Norway's SATS Q3 revenue up 2% on increased participation in group training workouts
Overview
Norway fitness center operator's Q3 revenue rose 2% yr/yr, driven by higher value per member
EBITDA before IFRS 16 grew 22% yr/yr as revenues outpaced costs
Company returned NOK 193 mln to shareholders via dividends and buybacks in Q3
Outlook
SATS widens leverage target to 1.0x-2.0x net debt to EBITDA before IFRS 16
Company clarifies ambition to raise dividend per share over time
SATS plans to grow club portfolio with 18 new clubs secured through 2028
Result Drivers
GROUP TRAINING - Co said increased participation in group training workouts contributed to earnings growth
MEMBER ENGAGEMENT - Co said members are training more often, with workouts up 2% yr/yr
Company press release: ID:nMFNPlYdK
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EBITDA before IFRS 16 |
| NOK 235 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "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 NOK49.50, about 15.9% above its October 26 closing price of NOK42.70
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
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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.)