Nasdaq CopenhagenIFRS · USD

SATAIR A/S

SATAIR A/S is a Denmark-based aerospace parts distribution and services company within the Airbus group. It supplies spare parts, inventory support, and related distribution services for the commercial aviation aftermarket, with subsidiaries in Singapore and the United Kingdom.

Kysy yhtiöstä
Liikevaihto801milj. USD
+13,8 %v/v
Liikevoitto (EBIT)54,1milj. USD
+15,2 %v/v
EBIT-marginaali6,8%
+0,1 %-yks.v/v
Nettotulos59,7milj. USD
+2,1 %v/v
Vapaa kassavirta40,8milj. USD
+355,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2024–2025

02004006008001 000milj. USD2024: 704 milj. USD2024: EBIT 47 milj. USD20242025: 801 milj. USD2025: EBIT 54 milj. USD202580154
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: SATAIR A/S

Liiketoiminta

Osuus liikevaihdosta
Spare parts distribution65 %

Distribution of aircraft spare parts and related components to aviation customers.

Inventory support services15 %

Services tied to inventory ownership, stocking, and availability management.

Logistics and fulfillment10 %

Handling, warehousing, and delivery services supporting parts availability.

Distribution rights and management fees10 %

Internal and external fees linked to distribution rights and transfer pricing arrangements.

Asiakkaat

SATAIR sells primarily into the commercial aviation aftermarket, where customers need reliable access to genuine spare parts and fast fulfillment. Its customer base is centered on airlines, maintenance, repair and overhaul providers, and other aviation operators that depend on parts availability to keep aircraft in service. The company also serves group and related-party channels within the Airbus ecosystem.

Airlines

Buy spare parts and logistics support to maintain aircraft availability and reduce downtime.

MRO providers

Source parts for scheduled and unscheduled maintenance programs.

Aviation operators

Purchase aftermarket inventory and support services for fleet operations.

Airbus-related entities

Use intra-group distribution and service arrangements within the Airbus network.

Strategia

SATAIR’s strategic position depends on being a dependable aftermarket channel for aircraft spare parts and inventory services. Its priorities center on service reliability, supply availability, and network reach so customers can minimize aircraft downtime and procurement delays. As part of the Airbus group, it also benefits from close integration with OEM supply chains and distribution rights.

Strengthen aftermarket service availabilityKeskipitkä aikaväli

Spare-parts availability is central to customer uptime and switching costs.

Expand operating reach through logistics footprintKeskipitkä aikaväli

A distributed footprint supports quicker delivery and better customer coverage.

Manage foreign-exchange exposureLyhyt aikaväli

Cross-border purchases and operating costs create currency risk.

Maantiede

SATAIR is headquartered in Copenhagen, Denmark, and operates through subsidiaries in Singapore and the United Kingdom. Its business is inherently international because aviation customers and spare-parts flows span multiple regions, while inventory, warehousing, and distribution need to be positioned near major airline and MRO hubs. The annual report also shows exposure to foreign-currency cash flow hedging, reflecting cross-border trading and operating costs.

Riskit

SATAIR is exposed to aviation-cyclical demand, spare-parts obsolescence, and execution risk in inventory availability because customers rely on immediate parts access. Its earnings are also sensitive to foreign exchange movements, working-capital needs, and dependence on Airbus group relationships and systems. As a distributor, it faces margin pressure if stock write-downs, supply disruptions, or service failures reduce the value of inventory and customer trust.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Inventory obsolescence1Customer concentration and group dependence2Service-level and supply-chain disruption3Foreign exchange volatility4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Inventory obsolescenceVaikutus: KorkeaTodennäköisyys: Korkea

    The report notes write-downs on slow-moving parts and below-cost sales.

    Kohdistuu: Spare-parts stock

  2. Customer concentration and group dependenceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Airbus SAS is the sole shareholder and the business uses intra-group arrangements.

    Kohdistuu: Related-party channels

  3. Service-level and supply-chain disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Spare-parts distribution depends on timely sourcing, warehousing, and delivery.

    Kohdistuu: Fulfillment network

  4. Foreign exchange volatilityVaikutus: KeskitasoTodennäköisyys: Korkea

    The company uses forward contracts because operating costs are exposed to currency swings.

    Kohdistuu: Operating costs and hedges

Kysy Clarifolta: SATAIR A/S

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Revenue is recorded when spare-parts control transfers, making cut-off timing important.

Vaikutus: Can shift revenue between periods based on delivery timing

Inventory provisions

Slow-moving parts and below-cost sales require write-downs and provisions.

Vaikutus: Affects gross margin and carrying value of inventory

Derivative hedge accounting

Forward contracts are used to hedge foreign-currency exposure.

Vaikutus: Moves fair value changes through OCI and later into P&L

Lease commitments

Office and warehouse leases create recognized right-of-use assets and liabilities.

Vaikutus: Affects leverage, depreciation, and lease expense

Päivitetty: 24.10.2026