Fitness club chain Basic Fit rises after H1 beat

Basic-Fit

26/07/2024 09:26

** Shares in Basic Fit  BFIT.AS  rise 11% after the Dutch
gym operator posted increasing profits, membership in the first
half of the year 
    ** Basic Fit reports EBIT at 139 million euros ($151
million) in H1, against 130 million euros expected by ING
    ** It confirms its full year outlook and highlights a record
net club growth with new 135 club openings in the period
    ** ING points to a "solid set of results" and a somewhat
better membership ingrowth as Basic Fit reports the number of
club members growing 13% to 4.1 million
    ** "We  argue  that  the  valuation  remains  too  low  for 
a  business  Basic-Fit's growth profile", Jefferies analysts say

($1 = 0.9219 euros)

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))