SATS posts strong Q3 results, exceeding financial and membership goals

SATS ASA announced continued positive operational and financial development, delivering against its ambition of NOK 1.1 billion in annual EBITDA before IFRS 16 for the third quarter. Total revenues rose 8% from the same quarter last year to NOK 1,293 million, while operating profit (EBITDA before IFRS 16) increased 13% to NOK 192 million. The debt ratio remained stable at 1.3 times net debt to EBITDA before IFRS 16, despite dividend payments and share buybacks.

The company's membership base grew by 18,000 to 756,000 members in the third quarter, a 4% year-over-year increase. Visits to SATS centers saw a 7% rise, with group class visits up 10% following the introduction of new concepts.

Sondre Gravir, chief executive of SATS, noted increased member training frequency and satisfaction, particularly from growing participation in group classes, an area the company plans to continue investing in.