Brief: Basic-Fit Expects Increase In FY Underlying EBITDA To Eur 260 Million, Up 28% Vs 2022

Basic-Fit

09/11/2023 07:49

Nov 9 (Reuters) - Basic Fit NV  BFIT.AS :
    * BASIC-FIT WILL CONTINUE TO FOCUS ON GROWTH IN ITS CURRENT
SIX
COUNTRIES TO REACH ITS LONG-TERM GOAL OF 3,000 - 3,500 OWN CLUBS
BY 2030
    * EXPECTS AVERAGE MAINTENANCE CAPEX PER CLUB PER YEAR TO
STAY AT
EUR 55 THOUSAND AT LEAST UNTIL 2030 (WAS 2026).
    * OUTLOOK 2023: INCREASE OF UNDERLYING EBITDA BY 28%
COMPARED TO
2022 TO EUR 260 MILLION (2022: EUR 204 MILLION)
    * OUTLOOK 2023: MEMBERSHIP BASE IS EXPECTED TO INCREASE BY
13%
YEAR-ON-YEAR TO 3.8 MILLION MEMBERS, WITH AN AVERAGE MEMBER
REVENUE OF AT LEAST EUR 23.50 PER MONTH
    * EXPECTS TO BE ABLE TO FUND 1,600 NEW CLUB OPENINGS IN
PERIOD
UNTIL 2030 FROM ITS CASH FLOWS. TARGET FOR LEVERAGE WILL BE
BELOW 2.0 X ADJUSTED EBITDA

Further company coverage:  BFIT.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))