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SATS ASA ( (DE:2S0) ) just unveiled an update.
SATS ASA reported a significant improvement in its financial performance for the fourth quarter of 2024, with EBITDA before IFRS 16 rising by 37% and EBIT increasing by 87% compared to the previous year. The company attributed these gains to focused product investments that have boosted member activity and loyalty, enabling a reduction in debt and the initiation of a share buyback program. The positive momentum is expected to continue into 2025, with strong cash flow supporting further investments in club capacity and product offerings.
More about SATS ASA
SATS ASA is a leading provider of fitness and training services in the Nordics, operating through brands including SATS, ELIXIA, Fresh Fitness, SATS Yoga, and SATS Online. With 272 clubs, close to 10,000 employees, and 733,000 members, SATS offers a wide array of fitness options including individual and group training, personal coaching, and online training solutions. The company emphasizes flexibility in membership packages, cutting-edge facilities, and innovation to remain at the forefront of the fitness industry.
YTD Price Performance: 10.76%
Average Trading Volume: 304
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €498.7M
Learn more about 2S0 stock on TipRanks’ Stock Analysis page.
