Brief: Basic Fit Q1 Memberships Increased To 2.63 Million, Up 46% Year-On-Year

Basic-Fit

21/04/2022 11:58

April 21 (Reuters) - Basic Fit NV  BFIT.AS :
    * REPORTS STRONG GROWTH IN MEMBERSHIPS
    * Q1 GROUP REVENUE INCREASED TO EUR 162 MILLION COMPARED TO
EUR
10.7 MILLION IN Q1 2021
    * Q1 MEMBERSHIPS INCREASED TO 2.63 MILLION; UP 46%
YEAR-ON-YEAR
AND UP 18% IN QUARTER (Q1 2021: 1.80 MILLION; FY 2021: 2.22
MILLION)
    * Q1 NUMBER OF CLUBS IN NETWORK INCREASED BY 72 IN Q1 TO
1,087
CLUBS (Q1 2021: 905)
    * AVAILABLE LIQUIDITY AT END OF MARCH OF EUR 209 MILLION
    * OUTLOOK 2022: MEMBERSHIP GROWTH OF AT LEAST 1 MILLION
    * OUTLOOK 2022: NETWORK EXPECTED TO GROW TO AROUND 1,250
CLUBS; 82
NET CLUB OPENINGS BY 21 APRIL
    * OUTLOOK 2022: GUIDED REVENUE OF EUR 800 TO EUR 850 MILLION
AND
UNDERLYING EBITDA OF AROUND EUR 240 MILLION CONTINUE TO BE
FEASIBLE
    * WE ARE CURRENTLY PREPARING FOR THE ROLLOUT IN GERMANY IN
THE
SECOND HALF OF THIS YEAR

Source text for Eikon:  ID:nNDL5fkRkZ 
Further company coverage:  BFIT.AS 

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