Overview
Norway fitness center operator's Q1 revenue rose 6% yr/yr to NOK 1.48 bln
Q1 EBITDA before IFRS 16 grew 17% to NOK 217 mln
Company distributed NOK 257 mln to shareholders via buybacks and dividend
Outlook
Company did not provide specific guidance for the current or future periods
Result Drivers
MEMBER BASE GROWTH - 2% year-on-year increase in member base contributed to revenue growth
PRICE ADJUSTMENTS - Price increases, attributed to sustained product improvements, supported revenue growth
MEMBER ENGAGEMENT - High member engagement and satisfaction levels were key drivers of financial performance, per CEO Sondre Gravir
Company press release: ID:nMFN7Lb46Z
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
NOK 1.48 bln
Q1 Adjusted EBITDA
NOK 217 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 NOK47.00, about 11.2% above its April 29 closing price of NOK42.25
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
