Brief: Basic Fit FY Net Loss Widens To 150 Million Euros

Basic-Fit

09/03/2022 06:54

March 9 (Reuters) - Basic Fit NV  BFIT.AS :
    * EUR 361 MILLION AVAILABLE LIQUIDITY
    * 2021 REVENUE OF €341 MILLION (2020: €377 MILLION)
    * NET LOSS EUR 150 MILLION (2020: EUR 125 MILLION)
    * FY UNDERLYING EBITDA OF €31.6 MILLION (2020: €93.8
MILLION)
OUTLOOK: 2022 REVENUE OF EUR 800 TO EUR 850 MILLION AND AROUND
EUR 240 MILLION UNDERLYING EBITDA CONTINUES TO BE FEASIBLE
FIRST OPENINGS IN GERMANY IN H2 2022; UP TO 20 CLUB OPENINGS
THIS YEAR 
    * OUTLOOK: NETWORK EXPECTED TO GROW TO AROUND 1,250 CLUBS IN
2022;
66 NET CLUB OPENINGS BY 9 MARCH
    * OUTLOOK: ALL COVID RESTRICTIONS LIFTED AS OF 14 MARCH;
MEMBERSHIP GROWTH OF AT LEAST 1 MILLION IN 2022
    * OUTLLOOK: STRONG MEMBERSHIP GROWTH IN FIRST COUPLE OF
MONTHS OF
2022; INCREASE EXPECTED OF AROUND 400,000 MEMBERSHIPS (18%) TO
2.6 MILLION AT END OF MARCH 2022
    * YEAR TO DATE, WE OPENED 66 CLUBS AND ARE ON TRACK TO GROW
OUR
NETWORK TO 1,250 CLUBS THIS YEAR
    * IN THE SECOND QUARTER OF 2022, WE WILL START WITH THE
CONSTRUCTION OF THE FIRST CLUBS IN GERMANY AND EXPECT TO OPEN
THE FIRST ONES IN THE SECOND HALF OF THIS YEAR

Source text for Eikon:  ID:nNDLb15DcC 
Further company coverage:  BFIT.AS 

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