Sats reports Q3 revenue growth despite higher expenses By Investing.com
Update: 2025-10-28
Description
Sats Asa's Q3 Results: Mixed Performance Amidst Growth and Cost ControlSats Asa, a fitness chain, reported Q3 revenue of 1.293 billion Norwegian kroner, slightly below expectations, leading to a 5.5% stock drop. Despite a 4% increase in membership and 5% higher revenue per member, EBITDA fell short by 4% due to increased operational and marketing costs. However, adjusting for lease accounting changes, EBITDA rose by 13% year-over-year, putting Sats on track to meet its mid-term EBITDA target. Net profit was 98 million kroner, 11-17% lower than forecast, mainly due to higher financial expenses and taxes. Sats generated 142 million kroner in cash flow, paid 127 million in dividends, and bought back 40 million in shares while maintaining stable debt levels. The company's growing member base, higher workout rates, and improved revenue per member suggest potential for continued strength in the fitness industry.
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