Sats ASA
OSE:SATS
Sats ASA
SATS ASA operates fitness club. The company is headquartered in Oslo, Oslo. The company went IPO on 2019-10-25. The firm offers studio facilities for individual training and has a broad training offering with programming and qualified personal trainers for specialized training and individual coaching. The firm also focuses on supporting members outside its physical clubs, using online training and digital tools. The firm serves customers in Norway, Denmark, Sweden and Finland.
SATS ASA operates fitness club. The company is headquartered in Oslo, Oslo. The company went IPO on 2019-10-25. The firm offers studio facilities for individual training and has a broad training offering with programming and qualified personal trainers for specialized training and individual coaching. The firm also focuses on supporting members outside its physical clubs, using online training and digital tools. The firm serves customers in Norway, Denmark, Sweden and Finland.
Revenue Growth: SATS reported a 9% increase in total revenue for both Q4 and the full year 2025, supported by higher activity, member growth, and price improvements.
Profitability: EBITDA rose 18% for the year and 28% in Q4, while EBIT increased 24% for the year and 34% in Q4, reflecting strong operational leverage and cost discipline.
Membership: The member base grew by 22,000 to 755,000 in 2025, with visits up 6% to 49.4 million, showing improved utilization and engagement.
Cash Generation: Free cash flow for Q4 reached NOK 244 million (up 59% YoY), and NOK 506 million for the year, underlining robust cash conversion.
Shareholder Returns: The board proposed a NOK 0.67 per share semiannual dividend (61% payout). Share buybacks covered 3.8% of share capital in 2025.
Cost Management: Operating costs increased by 5% in 2025, but underlying costs rose just 2.5% after adjusting for targeted investments, showing solid discipline.
2026 Outlook: Early 2026 has seen strong activity and visits. Management expects lower net member growth in Q1 due to higher price increases, but remains confident in strong operational and financial results for the year.
