Q4 2020 Sats ASA Earnings Call Transcript
Good morning, everyone, and welcome to the SATS fourth quarter presentation. My name is Sondre Gravir, the CEO of SATS. And together with me here today, I also have Cecilie Elde, our CFO.
We will not have a live Q&A directly following the presentation today, so please follow-up with any questions you might have with our IR responsible, Stine Klund, either on mobile or e-mail. We will also have a Q&A session for the analysts following SATS later today.
As usual, I will give you an operational update to start with, and then Cecilie will cover the financials before we end the presentation commenting on the outlook.
2020 has financially been significantly impacted by the pandemic and the related governmental-imposed club closures, both through the direct effects of revenue loss during the closures and through the indirect effects mainly related to lower sales during closure affecting the member base. And Q4 was no exception. The member base coming out of Q4 was 628,000. The top line summed up to NOK 846 million, representing an 18% decrease
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