Basic Fit rises after 'positive' Q1 results, confirmed guidance

Basic-Fit

17/04/2025 08:57

** Shares in Basic Fit BFIT.AS edge up 1.5% after the Dutch fitness chain posted Q1 results and confirmed its FY guidance

** Q1 revenue rises 17% to EUR 332 mln ($377.67 mln) and its number of clubs increases by 41 in the quarter

** Jefferies says the results convey a "positive" message, with guidance unchanged along with revenue and membership growth

** Degroof Petercam points to in-line Q1 results and says the additional bank facility of EUR 200 mln for potential repayment of convertible in 2026 should give a bit more comfort

** "Basic-Fit is walking a fine line on slowing down the number of club openings and generating FCF to refinance debt," Degroof Petercam says

($1 = 0.8790 euros)

 (Reporting by Federica Mileo)

 ((Federica.mileo@thomsonreuters.com))