Norway · Delayed Price · Currency is NOK Sats ASA Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw 9% revenue growth, 28% higher EBITDA, and a 59% jump in free cash flow, with the member base rising to 755,000. Steady cost control and premium positioning support ongoing expansion, while a NOK 0.67 dividend is proposed.
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Membership and visits grew in 2025, driving 9% revenue and 18% EBITDA growth year-over-year. Q4 saw strong cash flow and margin improvements, with continued investment in product and disciplined cost control. Positive momentum and higher prices are expected to support another strong year in 2026.
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Q3 saw 8% revenue and 13% EBITDA growth, with strong member engagement and 4% member growth. Marketing campaigns drove higher costs but boosted membership, while Swedish operations improved profitability. Leverage and cash flow remain solid.
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Q3 2025 saw 8% revenue and 13% EBITDA growth, with strong member engagement and group training driving results. Sweden rebounded with 19% EBITDA growth, and the company remains on track for its NOK 1.1 billion mid-term EBITDA target.
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Q2 2025 saw 10% revenue growth and a 35% EBIT increase, driven by high club activity and group training momentum. Dividend payout and share buybacks will push capital returns above 50%, with continued investments in group training and strong performance in both Norway and Sweden.
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Q2 2025 saw strong revenue and EBITDA growth, driven by group training and portfolio upgrades. Member base and engagement rose, with capital returns exceeding targets and a first-ever dividend paid. Expansion and innovation continue across all Nordic markets.
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Strategy remains focused on Nordic market leadership, product innovation, and data-driven operations, with a midterm EBITDA ambition of NOK 1.1 billion. Financial performance is strong, supported by high cash conversion, disciplined capital allocation, and targeted expansion of 8-12 new clubs annually.
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Record Q1 member growth and strong financials, with EBIT up 38% and visits rising 7%. Costs increased due to marketing and group training investments, but future member growth and cost base are expected to normalize.
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Record Q1 membership growth and strong group training drove an 8% revenue increase and 38% EBIT growth year-over-year. Cash flow and liquidity remain robust, supporting continued expansion, dividends, and share buybacks.
Fiscal Year 2024
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Record member activity and strong financials in Q4, with 7% revenue and 87% EBIT growth year-over-year. Positive trends in all markets, ongoing deleveraging, and a NOK 100 million share buyback signal confidence for 2025.
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Q4 and full year 2024 saw robust revenue and profit growth, driven by strategic investments, price increases, and strong member engagement. Shareholder returns are prioritized with a NOK 100 million buyback and plans to distribute at least 50% of net profit.
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Q3 delivered record EBITDA and EBIT with 8% revenue growth, strong liquidity, and stable leverage. Sweden faces margin pressure from investments, while Norway continues margin expansion. Dividend and buyback plans remain on track for 2025.
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Record Q3 revenues and strong EBIT growth were driven by price increases and group training initiatives. Club upgrades and operational efficiency improved margins, while cash flow and leverage remain healthy. Dividend payments and share buybacks have commenced.
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Record-high results for the sixth straight quarter, with 10% revenue growth and EBIT up 260% year-over-year. Leverage reduced to 1.7x, shareholder distributions planned, and focus remains on yield optimization amid fierce competition.
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Sixth straight quarter of record revenues and EBIT, with 10% LTM revenue growth and 260% EBIT increase. Leverage ratio reduced to 1.7, strong cash flow supports planned semi-annual distributions of at least 50% of net profit via dividends and buybacks starting 2025.