Norway's SATS Q4 revenue up 9% on membership growth

Sats ASA

10/02/2026 06:07

Overview

Norwegian fitness chain's Q4 revenue rose 9% yr/yr to NOK 1,428 mln

Adjusted EBITDA for Q4 increased 28% to NOK 224 mln

Company proposed NOK 0.67 per share dividend and share capital reduction

Outlook

Company proposes semi-annual dividend of NOK 0.67 per share, pending EGM approval

Company plans share capital reduction by NOK 8.5 mln, subject to EGM approval

Company reports rising activity levels and strong member engagement

Result Drivers

MEMBERSHIP GROWTH - Membership increased by 3% and workout frequency per member rose, contributing to revenue growth

PRODUCT IMPROVEMENTS - Sustained product and operational improvements supported revenue and EBITDA growth

OPERATING LEVERAGE - Strong operating leverage demonstrated with revenue up 9%, EBITDA up 18%, and EBIT up 24% for the full year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
NOK 1.43 bln
Q4 Adjusted EBITDA
NOK 224 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 NOK44.00, about 10% above its February 9 closing price of NOK40.00

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nMFN5WNqK6

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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.)