Sats sets ambitious aim to raise revenue to 8 billion by 2028

Strategy is to repay loans, re-invest in capital expenditure, resume dividends

- Colin Tan

Mainboard-listed aviation cargo and food specialist Sats is embarking on an ambitious plan to increase revenue by about 60 per cent to $8 billion over the next four years, as it works to build on its sterling set of full-year results that exceeded expectations.

Notably, the group is banking on the synergies that it will derive from the successful integration of its 2022 acquisition of European air cargo player World Flight Services (WFS), earnings of which it has consolidated for the first time in its latest results.

This next phase of expansion dubbed "transform and perform" is expected to see the group take a trajectory with an annual compounded growth rate of more than 6 per cent over the medium term.