Basic-Fit rises after UBS upgrades on 'structural inflection'

Basic-Fit

10/06/2026 10:19

** Basic-Fit BFIT.AS shares jump 8.3% after UBS upgrades the Dutch fitness club chain to "buy" from "neutral", saying its maturing footprint will drive more sustainable cash generation
** The brokerage says the company is at a "structural inflection point", shifting from a capex-led rollout to a model driven by maturing clubs and improved asset utilisation
** Adds that the recent acquisition of Clever Fit materially changes the starting point in Germany by providing immediate scale and a clearer route to critical mass
** Raises its target price by 85% to €43.5, saying Basic-Fit is delivering positive free cash flow for the first time in its history and can now focus on sustainable group returns
** Says the franchise model will drive higher profitability and support asset-light growth, providing a credible pathway to a higher return on capital employed
** Of 12 analysts covering Basic-Fit, eight rate it "strong buy" or "buy", three "hold", and one "sell", according to LSEG data

 (Reporting by Lucie Barbier)
 ((Email: lucie.barbier@thomsonreuters.com))