SATS ASA ("the Company") delivered yet another quarter demonstrating the operational leverage of the model, driving substantial earnings expansion. Total revenues increased by 6% year-on-year to NOK 1 483 million in the first quarter of 2026, while EBITDA before IFRS 16 increased by 17% to NOK 217 million.
Key highlights from the first quarter of 2026:
· Total revenues increased by 6% to NOK 1 483 million in Q1 2026, with ARPM up 4% and a 2% growth in the member base
· EBITDA before IFRS 16 reached NOK 217 million, up 17% from last year
· EBIT before IFRS 16 increased by 22% to NOK 162 million
· Earnings per share were up 16% to NOK 0.53 in the quarter
· Yet another quarter demonstrating the operational leverage, with 2% member growth, 4% ARPM growth, translating into 6% revenue growth, 17% EBITDA growth and 22% EBIT growth
· Price adjustments materialized as expected, driven by sustained product improvements over time
· Total shareholder distributions of NOK 257 million during the quarter, through share buybacks and semi-annual dividend payment
“High member engagement and strong satisfaction levels have been key drivers behind SATS’ solid financial performance in Q1. Together, these factors have laid a strong foundation for continued positive development at SATS,” says Sondre Gravir, CEO of SATS.
SATS' CEO Sondre Gravir and CFO Cecilie Elde will hold a webcast presentation at 08:30 CET today, April 30, 2026. The presentation will be available at https://satsgroup.com/reports-presentations/
There will be a Q&A for investors and analysts from 10:00 to 10:30 (CET) over Microsoft Teams: https://teams.microsoft.com/meet/38545669380585?p=4ZUPPTOeUXS5ZwxYw1
Please find enclosed the Q1 2026 presentation and report.
Investor Relations Contacts:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations, phone: +47 986 99 259
Press Contact:
Kristin Fjeld, Press Contact, phone: +47 411 92 008
Please see the attached quarterly report for definitions and reconciliations of the Alternative Performance Measures (APMs). This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.