Brief: Basic Fit Confirms Outlook 2024

Basic-Fit

26/07/2024 06:39

July 26 (Reuters) - Basic Fit NV  BFIT.AS :
    * BASIC FIT NV - CONFIRMS OUTLOOK 2024
    * BASIC FIT NV - H1 UNDERLYING EBITDA LESS RENT INCREASED BY
26%
TO EUR 139 MILLION
    * BASIC FIT NV -  H1 REVENUES EUR 585 MILLION VERSUS EUR 500
MILLION YEAR AGO
    * BASIC FIT NV - H1 NUMBER OF MEMBERSHIPS INCREASED BY 13%
YEAR-ON-YEAR TO 4.1 MILLION (H1 2023: 3.6 MILLION)
    * BASIC FIT NV - H1: RECORD NET CLUB GROWTH OF 135 TO 1,537
CLUBS
    * BASIC FIT NV - ACHIEVING 78% OF TARGETED CLUB OPENINGS FOR
YEAR.
    * BASIC FIT NV - RSG SPAIN ACQUISITION AND HIGH NUMBER OF
CLUB
OPENINGS WEIGHED ON CASH FLOW AND PROFITABILITY IN H1
    * BASIC FIT NV - IN H2 WE WILL OPEN A LIMITED NUMBER OF
CLUBS, AND
CLUBS OPENED IN FIRST HALF OF YEAR WILL START CONTRIBUTING TO
BOTTOM LINE
    * BASIC FIT NV - IN FIRST HALF OF 2024, WE REDUCED
HEADQUARTER
COST TO 7.2% OF REVENUE, COMPARED TO 8.2% IN FIRST HALF OF 2023.


Further company coverage:  BFIT.AS 

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