SATS 🏃

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SATS ASA: Award of matching shares under the additional investment by the CEO in the 2020 share investment program and mandatory notification of trade

Reference is made to the stock exchange announcements dated October 1, 2020,
and December 22, 2020, published by SATS ASA (the “Company”) in connection
with the additional investment by the CEO under the 2020 Share Investment
…

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Program. In order to further align the interests of the Company’s CEO with
those of the Company’s shareholders, the board of directors resolved to expand
the 2020 Share Investment Program for Sondre Gravir (the “2020 Additional SIP
Investment”). Sondre Gravir acquired 97,330 shares in the 2020 Additional SIP
Investment (which represented a total value of NOK 1,750,000 and a
post-discount investment of NOK 1,400,000).

As part of the 2020 Additional SIP Investment, Sondre Gravir could be awarded
additional shares in the Company without consideration (“Matching Shares”) in
the ratio 0.33:1 based on the number of shares acquired under the program,
subject to certain conditions being fulfilled.

The conditions for awarding Matching Shares have been fulfilled. The board of
directors has therefore, today, resolved to award 32,443 shares in the Company
to Sondre Gravir. The value per Matching Share is NOK 9.85, which represents
the trading price on Oslo Børs for the Company’s shares at the close of
trading on September 29, 2023, including a 17.65% discount to reflect the
one-year lock-up obligation on said shares.

The award of Matching Shares will be settled with existing shares in the
Company, held in treasury. Prior to the award of the Matching Shares, the
Company owned 650,904 shares. Following the settlement of the award, the
Company will have 618,461 shares in treasury, representing approximately 0.30%
of the issued share capital.

Mira Investment AS, a close associate of primary insider Sondre Gravir (CEO),
has been awarded 32,443 Matching Shares in the Company. For more information,
see the attached form. This transaction is notifiable pursuant to Article 19
of the Market Abuse Regulation.

For further information, please contact:

• Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
• Stine Klund, Investor Relations & Business Development Manager, phone: +47
  986 99 259.

The disclosures set out in this announcement are subject to the disclosure
requirement pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

SATS ASA: Invitation to presentation of Q3 2023 results

SATS ASA will present its Q3 2023 results on Thursday, 26 October 2023. The
report and presentation will be made available at 07:00 AM (CET) at
satsgroup.com and newsweb.no.
…

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Presenters: CEO Sondre Gravir and CFO Cecilie Elde
Time: 08:30 (CET) on 26 October 2023
Language: English
Venue: The presentation will be held as a webcast only, available at
Reports & Presentations - SATS Group

There will be a Q&A for investors and analysts from 10:00 to 10:30 (CET) over
Microsoft Teams:

https://teams.microsoft.com/l/meetup-join/19%3Ameeting_MDA2MjBiZDUtMjdiZC00NTc4LWFkOTItYmEwYTMyNTgwMTg5%40thread.v2/0?context={"Tid"%3A"b15a587d-acc9-4644-aa51-b56dee85c304"%2C"Oid"%3A"7c7a4263-6531-4e9f-9f3f-79defb4ad3fe"}

The Q&A will also be available through call-in (audio only): +46 8 505 218 12,
phone conference ID 612 008 710#

For further information, please contact:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations & Business Development Manager, phone: +47 986
99 259

Kilde

[Thomastoget]

Vet ikke hvor valid Simply Wall St appen er, men de mener ihvertfall at kursen er sterkt undervurdert iforhold til fair value

[Bingo123]

Tror den stanger litt pga redsel for høyere strømpriser igjen

[Thomastoget]

Ja det blir nok litt tøft i vinter, høyere leiepriser og høy strømpris. Men forrige vinter var ekstrem, og de har hegdet 60% av strømkostnader siden den gang.

Men strømprisen var utrolig lav under Q3 i norden. Så tipper resultatet i Q3 blir veldig bra sammenlignet med ifjor. Samtidig så har konsensusestimatene kommet godt opp etter to overraskende gode kvartaler.

Konsensusestimatene er uansett basert på en kurs mellom 14-16. Så markedet har ikke helt troa. Kan også ha mistet litt medlemmer i løpet av sommeren pga rentehevingene, men hadde likevel medlemsvekst i Q1 og Q2.

Er litt åpent slik jeg ser det

[Bingo123]

100% enig. Faktisk kjøpt meg inn igjen nå på
10 tallet og sitter ihvertfall frem tom Q3
Siste jeg hørt fra de var at ikke de hadde sett noe dropp i medlemmer pga renter, men det kan ha endret seg

[Thomastoget]

Pluss medlemskapsprisen har blitt satt opp noe. Med lavere driftskost så tror jeg Q3 kan slå Q2. Og skjer det så er det tidenes beste ebitda for Sats

[Thomastoget]

Ser bra ut teknisk, MACD snudd til positiv og kurs snudde klokkerent på støttenivå 10. men veldig lavt volum, er ekstremt lite fri flyt. Topp 10 eier 75%

[Bingo123]

@pdx vi har spurt deg før, men ikke fått svar, kan du endre ticker her?

[pdx]

Beklager, men ser ut som den er riktig? sats_ol er riktig format for aksjer på OB. Med mindre noen andre la de inn nettopp.

[Bingo123]

Heter bare SATS
Ikke Sats gruppen

https://live.euronext.com/nb/product/equities/NO0010863285-XOSL

[pdx]

Aha, tittelen, ikke tickeren, jeg er med

[Bingo123]

Mente tittelen Takk, nå er det ok!

[TekBot]

SATS ASA: Q3 2023 Strong financial result and high-paced deleveraging

SATS ASA (“the Company”) leaves behind a third quarter characterized by a
strong EBITDA before IFRS 16 delivery of NOK 155 million and a high-paced
deleveraging. An important contributor to the robust financial result is the
…

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member base growth over time. The Company has kept a precautionary expansion
approach over the past year, so the member growth has taken place in the
existing club portfolio and led to a higher club utilization.

SATS has delivered strong financial results three quarters in a row, which
correspond with the indications provided at last year’s Capital Markets Day.
However, these are not extraordinary results, this is the new normal and
illustrates the financial strength of SATS.

Key highlights from the third quarter of 2023:

• Successful measures implemented the past year focused on the core business,
  fully in line with the road outlined on the Capital Markets Day in October
  last year
• The total number of workouts at SATS’ clubs increased by 17% in the quarter,
  driven by both member growth and higher activity per member
• The member base counted 731 000 members by the end of the quarter,
  representing a 2% increase in members per sqm from the pre-pandemic Q3 2019
  and thus a higher utilization of the asset base
• The average revenue per member (ARPM) YTD increased by 7% (curr. adj.) from
  last year, and the average price for new memberships increased by 18%
  (curr.adj.) in the quarter, which in combination with the member growth,
  prove a continued willingness to pay for gym memberships
• Total revenues summed up to NOK 3 507 million YTD, up 12% (curr. adj.) from
  YTD 2022
• Maintained a strong cost discipline, resulting in a 1% (curr.adj.) increase
  in total operating costs YTD, and a conservative capex spend
• EBITDA before IFRS 16 reached NOK 486 million YTD, significantly lifted from
  NOK 133 million in the corresponding period last year
• Deleveraging at a high pace, reporting a leverage ratio of 3.1x net debt to
  EBITDA before IFRS 16, compared to 10.5x in Q3 2022

“We have the past year kept a sharp focus on improving our core business and
product delivery, attracting members to our clubs and helping them succeed
with their training. In parallel, we have kept a disciplined cost control and
slowed down club expansion, which has enabled us to de-lever financially.
Going forward, we will stick to these successful focus areas, but we will also
continue investing in our existing club portfolio, making our clubs and
product offering even more attractive for existing and new members”, says
Sondre Gravir, CEO of SATS.

Please find enclosed the Q3 2023 presentation and report.

Investor Relations:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations & Business Development Manager, phone: +47 986
99 259

Press:
Tina Brodal, Press Contact, phone: +47 938 44 171

Please see the attached quarterly report for definitions and reconciliations
of the Alternative Performance Measures (APMs).

The stock exchange announcement was published by Stine Klund, Investor
Relations & Business Development Manager, SATS ASA.

This information is information that SATS ASA is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact persons set out above, at
2023-10-26 07:00 CEST.

Kilde

[TekBot]

SATS leverer solid medlemsvekst og sterkt finansielt resultat

SATS presenterer i dag et sterkt resultat for Q3 2023, og opplever at folk
fortsetter å prioritere egen helse. Kvartalet viser både medlems- og
besøksvekst. Det totale antall treningsøkter på SATS sine treningssentre økte
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med 17% sammenliknet med tredje kvartal i 2022, og antall deltagere på SATS
sine populære gruppetimer økte med 26%.

• Vi har det siste året fokusert på kjernevirksomheten vår, ved å tiltrekke
  medlemmer til sentrene våre og hjelpe dem med å lykkes med treningen sin. Vi
  opplever at medlemmer i større grad benytter seg av vårt treningstilbud, og
  antall treningsøkter er et viktig nøkkeltall for både SATS og for folkehelsen,
  sier Sondre Gravir, konsernsjef i SATS.

Det siste året har SATS-medlemmer bidratt med over 22 milliarder i
samfunnsøkonomisk velferdsgevinst ved å investere i sin egen helse. Dette
tilsvarer 16 000 kvalitetsjusterte leveår, altså leveår med god kvalitet.

• Vi vil fortsette veksten og investere i våre eksisterende sentre slik at
  medlemmene våre får et enda bedre og bredere produkttilbud, sier Gravir.

SATS leverte i Q3 2023 EBITDA før IFRS 16 på 155 millioner kroner, og 486
millioner så langt i år. Gjeldsgraden er betydelig redusert til fra 10,5x til
3,1x fra i fjor.

• Sterk inntekstvekst og god kostnadskontroll, kombinert med redusert
  ekspansjonstakt, har gjort oss i stand til å redusere gjeldsgraden og bedre
  vår finansielle robusthet, sier finansdirektør Cecilie Elde.

Pressekontakt: Tina Brodal, phone: +47 938 44 171

Kilde

[Thomastoget]

Fra minus 50 til pluss 50 på resultatet, rimelig sterkt. Og i tillegg

• EBITDA before IFRS 16 reached NOK 486 million YTD, significantly lifted from
  NOK 133 million in the corresponding period last year

Imponerende

[Bingo123]

Der var vi i minus. Er det kommende kostnader det handler om, ikke minst strøm? Ikke mange trygge havner nå bortsett fra rentefond

[Thomastoget]

Må tilbake 2 år for å finne høyere omsetning enn idag, så kjøpsinteressen er tilbake.

Strømkostnadene er blitt hedget 60% så er begrenset hvor dyre strømkostnader dem kan ha. Vinteren i fjor var ekstrem, det blir ikke like ille pga nevnte, selv om strømprisen skulle gå amok i vinter også.

Medlemsvekst kvartal for kvartal tross høye renter er veldig sterkt tegn.

Minuset er at Danmark og Finland har dårlig lønnsomhet. Uten de to hadde inntjeningen vært ekstrem. Men langsiktige visjonen er å bli store der også.

Norge og Sverige leverer veldig bra tall.

Sats Group har EBITDA før gjeldsbetaling på nesten 500 mill frem til Q3. Markedsverdien er på 2,2 milliarder. Ser grisebillig ut. Men det er bear market om dagen, selv gode tall og gode prognoser gir lite effekt.

[Bingo123]

Satser på at det er Bear market som er grunnen. Økte ganske betydelig nå og blir sittende

[Thomastoget]

Tallene slo konsensus, så forventer meg oppdaterte kursmål om ikke annet.

Samtlige kursmål er langt over dagens kurs, så når man da slår konsensus så sier det litt.