Basic Fit rises as restrictions lift to feed membership growth

Basic-Fit

09/03/2022 09:33

** Shares in Basic Fit  BFIT.AS  jump nearly 7% as the Dutch
discount gym chain expects strong membership growth for 2022,
helped by restrictions lift in Europe  urn:newsml:reuters.com:*:nL5N2VC13L
    ** The firm, which plans around 1,250 clubs openings in
2022, sees membership growth of at least 1 million in 2022 and 
estimates revenue to reach 800-850 million euros for the year
    ** "Outlook for 2022 is reiterated which we see as a
positive given the lower start end of 2021 due to COVID-19", ING
says in a note
    ** "Basic-Fit confirms strong momentum as restrictions lift
in Europe," Jefferies says commenting on the company's Q4
report, and highlights entry into German territory 
    ** Basic Fit said it expects to open the first clubs in
Germany in H2 2022, aiming for a total of 600 clubs in the
coming years
    ** "The outlook for the year 2022 is good", MidCap Partners
says and flags "very strong recovery in web traffic" on the
Basic Fit group's websites in the fourth-quarter of 2021

 (Reporting by Diana Mandiá)
 ((diana.mandiaalvarez@thomsonreuters.com))