Sats ASA/Nkr SATS

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About Sats ASA

Sats ASA operates in the health and fitness industry, providing gym facilities and related services primarily in the Nordic region. The company offers a range of fitness services, including group training sessions, personal training, and specialized workouts across its network of clubs. Established through the merger of various fitness brands, Sats ASA has expanded its geographic footprint across Norway, Sweden, Denmark, and Finland, positioning itself as a prominent gym operator in these markets. Headquartered in Oslo, Norway, Sats ASA focuses on delivering quality fitness experiences through well-equipped facilities and a wide variety of classes. Its strategic focus includes investing in digital platforms to enhance customer engagement and service delivery.
Ticker
Nkr SATS
Sector
Consumer Discretionary
Primary listing
XOSL
Employees
10,000
Headquarters
Oslo, Norway
Website
satsgroup.com

Sats ASA Metrics

BasicAdvanced
kr 8B
15.91
kr 2.60
0.83
kr 1.39
3.35%

What the Analysts think about Sats ASA

Analyst ratings (Buy, Hold, Sell) for Sats ASA stock.
Analyst projections of the future price of Sats ASA stock.

Bulls say / Bears say

SATS is showing strong operating leverage. In Q2, currency-adjusted revenue rose 7% while costs rose 4%, driving an 18% increase in EBITDA and a 23% increase in EBIT; Q1 showed a similar pattern. (SATS, SATS)
Member engagement is improving across more of SATS’s offering. Q2 workouts rose 3%, group-training participation rose 5% and personal-training trial sessions tripled, helping currency-adjusted revenue per member rise 6% even as the member base grew only 1%. (SATS)
The company has restarted expansion with 13 new-club agreements signed through 2028 and an ambition to open eight to 12 clubs a year. This gives SATS a route to add capacity while its existing estate remains the main source of current growth. (SATS, SATS)
SATS’s pricing power may be less clean than headline ARPM growth suggests. A Q1 analysis said ARPM rose 4% while contractual prices rose 5.5%, with promotions and free months weighing on yield; it also estimated NOK 5–10 million of cyber-attack costs. (FIRST Fondene)
Performance is uneven across the Nordic markets. In Q1, Denmark’s VAT change was followed by a 2% member decline and 1% revenue decline, while Finland’s EBITDA fell 4% as SATS invested in its offering. (MarketScreener)
SATS returned 152% of first-half net profit through its dividend and buybacks, while the club estate was still three locations smaller year on year. That generous payout could reduce the margin for error if expansion spending rises or earnings weaken. (SATS, SATS)
Data summarised monthly by Lightyear AI. Last updated on 27 Sept 2026.

Sats ASA Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Sats ASA Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Sats ASA

AllEURGBP
Funds
Fund name
Fund size
Nkr SATS weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.05%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.05%
SPDR MSCI All Country World IM€SPYI
€7.5B0.00%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.