Reference is made to the stock exchange announcements “SATS has decided to
temporarily close all clubs” on 12 March 2020, “SATS ASA – Update on the
temporary closure of clubs” on 13 March 2020 and “SATS ASA – Update #2 on the
temporary closure of clubs” on 20 March 2020 from SATS ASA (“the Company”).
As mentioned in the previous stock exchange release, the situation has developed
differently in the four Nordic countries, and the governmental decisions and
actions have also been different. The Company is in close dialogue with the
health authorities and is following their advice on how to act after these two
weeks of closure.
SATS is advised to stay closed by the governments in Norway, Denmark, and
Finland. These recommendations are valid until 13 April. The member fee models
for the extended period is not yet concluded.
The Swedish authorities, on the other hand, do not advise fitness operators to
close down, and SATS has until now been the only major player in the industry
with all clubs closed. SATS will therefore, with the support from the Public
Health Authority in Sweden, open according to plan on 26 March. There will be
taken a series of measures to make sure the opening is handled in a responsible
way, including measures to ensure needed distance between people when training,
reduced capacity in group training classes, outdoor training for group training
and personal training sessions, higher cleaning frequency and closed child care.
SATS has continued the rapid innovation during this extraordinary situation,
with the newest launches being online offerings for physiotherapy, personal
training and nutrition counselling in selected markets for both members and
non-members. Further on, the Online Training offering is being extended with
both office workouts and family workouts.
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Finance and Investor Relations Manager, phone: +47 986 99 259
Malin Selander, Head of Communication & PR, phone: +46 70 426 40 06