Netherlands' Basic Fit H1 revenue rises on membership expansion

Basic-Fit

28/07/2026 06:46

Overview
Netherlands fitness club operator's H1 revenue rose 18% yr/yr to EUR 800 mln
Adjusted EBITDA for H1 grew 36% yr/yr to EUR 204 mln
Company attributes growth to healthy membership development and cost control

Outlook
Basic-Fit sees 2026 group revenue between €1.64 bln and €1.69 bln
Company raises 2026 underlying EBITDA less rent guidance to €430 mln-€460 mln
Company expects about 50 net owned club openings in 2026

Result Drivers
MEMBERSHIP GROWTH - Co said H1 results were driven by a 34% yr/yr increase in memberships to 6.1 mln, supported by acquisition of Clever Fit and growth in France and Spain
CLUB EXPANSION - Co said number of clubs grew 8% yr/yr to 2,192, with 35 new owned clubs opened in H1
COST CONTROL - Co attributed 36% yr/yr rise in adjusted EBITDA to cost control and operating leverage, per CEO Rene Moos

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 800 mln
 
H1 Adjusted EBITDA
 
EUR 204 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the leisure & recreation peer group is "buy"
Wall Street's median 12-month price target for Basic-Fit NV is €42.00, about 31.1% above its July 27 closing price of €32.04
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 20 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)