SATS ASA

SATS ASA

42.05
NOK
-0.65
(-1.52%)
2.92EPS
14.49P/E
8.23BMarket Cap
Oct 27Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
18.66
19.5
29.02
32.36
20.71
19
20.73
23.31
24.77
27.28
28.88
Basic EPS, GAAP
-0.43
0.87
-0.05
1.52
-1.9
-2.65
-1.25
1.1
1.59
2.35
2.94
Free Cash Flow per Basic Share
0.67
1.73
8.68
8.77
5.17
4.03
4.19
7.83
8.15
8.78
8.87
Dividend per Share
- -
- -
- -
8.38
- -
- -
- -
- -
- -
0.63
0.66
Book Value per Share
5.41
4.45
4.59
7.19
5.19
2.82
4.24
4.99
6.57
7.31
7.14
Tangible Book Value per Share
-9.84
-11.25
-9.64
-7.31
-9.91
-12.17
-8.53
-7.88
-6.44
-6.09
-6.34
Basic Weighted Avg Shares
167
167
112
123
171
171
197
203
204
202
199
Sales/Revenue/Turnover
3,110
3,250
3,259
3,987
3,534
3,247
4,082
4,734
5,064
5,509
5,746
Operating Margin (%)
6.57
11.25
16.2
12.84
2.55
-6.93
0.51
12.82
14.67
16.17
18.1
Depreciation Expense
194
160
1,004
972
1,123
1,042
1,120
1,177
1,198
1,217
1,216
Net Income, GAAP
-72
146
-6
187
-325
-452
-246
224
326
474
585
Effective Tax Rate (%)
- -
20.79
116.67
24.29
- -
- -
- -
28.43
24.88
22.89
22
Profit Margin (%)
-2.32
4.48
-0.18
4.69
-9.2
-13.92
-6.03
4.73
6.44
8.6
10.18
Working Capital
-628
-990
-902
-1,241
-992
-1,304
-1,240
-1,353
-1,401
-1,386
-1,351
LT Debt
1,546
4,831
4,736
4,814
6,105
5,722
5,636
5,730
5,530
5,669
5,392
Total Equity
899
736
761
1,223
886
483
859
1,019
1,344
1,455
1,380
Return on Invested Capital (%)
- -
6
-0.73
6.12
- -
- -
- -
5.93
7.33
8.73
10.36
Return on Capital (%)
- -
4.83
-0.77
5.83
- -
- -
- -
6.72
7.42
8.94
10.53
Return on Common Equity (%)
- -
17.7
-0.8
18.81
-30.82
-66.03
-36.66
23.86
27.59
33.87
42.95

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
996
976
979
LT Borrowings
1,480
1,394
1,394
LT Finance Leases
4,189
3,944
3,998
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
199
196
193
Market Capitalization
8,098
8,117
8,235

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,072
905
802
Cash, Cash Equivalents & STI
486
400
326
Accounts Receivable, Net
160
127
110
Inventories
62
66
63
Total Current Liabilities
2,458
2,315
2,153
Payables & Accruals
- -
- -
- -
ST Debt
996
976
979
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
18.23%
8.26%
Free Cash Flow
- -
20.35%
6.42%
Net Income, GAAP
- -
-21.32%
45.4%
Sales/Revenue/Turnover
- -
9.87%
8.79%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,294
1,266
1,194
1,311
5,064
2025
1,395
1,393
- -
1,428
5,509
2026
1,483
1,442
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.38
0.5
0.35
0.37
1.59
2025
0.46
0.8
- -
0.61
2.35
2026
0.54
1
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.63
2026
0.67
- -
- -
- -
- -

Company Description

CEO
Sondre Gravir
Full Time Employees
2,272
Sector
Consumer services
Industry
Other consumer services
Address
Nydalsveien 28 Oslo PS Norway 0484
IPO Date
Oct 23, 2019
Business
Sats ASA operates fitness clubs and provides training services across the Nordic region. The company offers studio facilities for individual strength and cardio training; group training classes with specialized programming; personal training and coaching services; online training and digital tools for remote support; and retail products including sportswear, fitness gear, bars, and energy drinks. It operates under the SATS, ELIXIA, Fresh Fitness, SATS Online, and SATS Yoga brands, serving 719,000 members through 274 clubs in Norway, Sweden, Denmark, and Finland. Founded in 1995 and headquartered in Oslo, Norway, Sats ASA employs approximately 8,400 people in the leisure and recreation sector. In 2025, the company completed a NOK 100 million share buyback program, repurchasing 2.5 million shares, or 1.23% of its outstanding shares, at an average price of NOK 36.63; it also reported Q3 2025 EBITDA growth of 13% year-over-year to NOK 192 million, driven by higher member activity and group training frequency.